GLOSSARY OF INTERNATIONAL TRADE TERMS

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I

Import Import License Import Permit Indirect Exporting Inherent Vice Inland Carrier Inspection Certificate Insurance Certificate Invoice Irrevocable Issuing Bank/Opening Bank

Insurance Certificate A document issued by the assured or his agent which pertains to and makes reference to an open cargo/master cargo policy maintained by the assured to insure all shipments during the period of the insurance. The insurance certificate is an abbreviated form of the master policy and is therefore a negotiable document that must be endorsed by the assured or payee before it can be passed on to another party. See related terms: Open Cargo Insurance Policy

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