This policy provides transit insurance coverage to Imports + Customs Duty, Domestic & Overseas purchase of raw materials, consumables. All inter-factory/ inter-depot/ to &fro job worker movements.
This policy provides transit insurance coverage to-
Imports + Customs Duty
Domestic & Overseas purchase of raw materials, consumables.
All inter-factory/ inter-depot/ to &fro job worker movements.
Exports transits
Domestic sales of finished goods
Temporary storage cover at intermediate locations like at Port, Job workers/ C & F premises etc.
So all the requirements of a company's Marine policies can be met by an Annual Turnover Policy.
Key features of ATOP are:-
Size able saving in premium, which is charged only on your sales turnover.
Seamless cover with all movement of goods automatically covered.
No hassles of submitting periodical declaration of movements to the insurer. Only monthly/Quarterly sales figures needs to be submitted.
Facility for payment of premium on half-yearly/ quarterly basis.