overview

seller’s interest insurance is marine insurance that provides protection if the importer is responsible for insuring against or at least bearing the risk of potential damage or loss.

As the exporter in these circumstances, you may have no direct control over the level of insurance provided by your trading partner. This could mean that you need to consider your potential liability should the buyer have insufficient insurance cover, or become insolvent before you receive payment.

Note: For more information on the policy, please reach out to us.