Obtain cargo insurance

Case Study

Title: Woven Garments Export from Bangladesh by Land to India, 2011

Corridors and Routes: Dhaka - Chittagong Port - India

Trade Product: Woven garments

Trade Type: Export

Process Analysis: Export from Bangladesh, Export from India (raw material)

Exporting Country: Bangladesh

Importing Country: India

Category: Logistics and transport arrangement

Country and Procedure Description: Obtain cargo insurance (Export from BDG to IND/ Woven garments)

Related Rules, Laws and Regulations:

Actors and Participants: - Exporter
- Insurance company

Input Criteria to Enter or Begin the Business Process:

Activities and Associated Documentary Requirements: 1. The exporter applies to an insurance company for an Insurance Certificate (policy) for the consignment. 2. This step involves submission of a completed Cargo Insurance Application Form supported by copies of the L/C, Commercial Invoice, Packing List, Transport Contract and Draft Bill of Lading. 3. Upon finding the application complete, the insurance company issues an Insurance Policy in favour of the exporter, who then pays the premium.

Output Criteria to Exit the Business Process:

Activity Diagrams:

Number of Required Documents: 7

Minimum Required Time: 0.5

Maximum Required Time: 1.5

Average Required Time: 1

Minimum Cost:

Maximum Cost: 1.5

Average Cost: