Marine Sales Turnover Insurance Policy
Marine Sales Turnover Policy is a flexible and adaptable marine policy cover. It can be the best solution for your requirement. It not only saves you from frequent documentation but also results in huge saving in premium. Rather than issuing marine certificates for every transit, the only declaration is to be submitted to companies for the shipment taken place. A Marine Turnover policy has come in as a blessing for companies. It provides the facility of paying a premium in installment quarterly/half yearly basis. Marine plan also covers a company’s sales turnover, unlike the other marine open policies take out this line
Sales Turnover Policy is a highly flexible and customize marine policy cover. Instead of covering a particular type of transit, this policy can cover all the transits that are required to achieve a sales.
- Sizeable saving in premium, which is charged only on your sales turnover.
- Seamless cover with all movement of goods automatically covered.
- No hassles of submitting a periodical declaration of movements to the insurer. Only monthly/ Quarterly sales figures need to be submitted.
- Facility for payment of premium on a half-yearly/quarterly basis.
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STOP provides you Transit insurance coverage on:
- Imports + customs duty (Actual or Deemed/Contingent).
- Domestic purchase of raw materials, consumables & stores.
- Any number of inter- factory/inter-depot/to & from job worker movements.
- Exports (FOB/CIF).
- Domestic sales of finished goods.
- Temporary storage cover at intermediate locations like Job workers/C & F premises etc.
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