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The Importance of Insurance in Export-Import Business In international trade, risks depend on Incoterms. As an exporter or importer, ensure you have proper insurance based on the agreed terms. - FOB or CIF. Risk transfers to the buyer once goods are shipped. The buyer should insure the goods. - DDP. The exporter bears all risks until delivery and must have insurance. By choosing the right Incoterm (like FOB or CIF), exporters can shift risk to the buyer after shipment. Always insure goods accord
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Importance of Insurance and Packaging in the Export Business 🌍📦 In the export business, insurance and packaging are not optional—they are essential. When goods travel across countries, they face many risks. Proper insurance and strong packaging protect your cargo, money, and business reputation. Why Insurance Is Important Exporting involves many uncertainties. Your cargo may face rain damage, fire on the ship, accidents, theft, or delays. These risks are beyond anyone’s control. If something g
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