Cover and cost
Insurance, laytime and demurrage
- Cargo insurance
- Under CIF the seller arranges cargo insurance, for no less than 110% of the contract value, to the named discharge port.
- Laytime
- The time allowed in the contract for loading and discharging the vessel.
- Demurrage
- The charge payable when laytime is exceeded, at the rate agreed in the contract.
- Bill of lading
- The document that evidences the shipment, acts as a receipt for the cargo and, if negotiable, transfers title.
Request a quotation
Send the product, quantity, discharge port and delivery window. The trading desk replies with a formal offer after counterparty checks.