Obtain cargo insurance

Case Study

Title: Shrimp Export from Bangladesh by Sea to India, 2011

Corridors and Routes: Dhaka - Chittagong Port - Japan

Trade Product: Shrimp

Trade Type: Export

Process Analysis: Export from Bangladesh

Exporting Country: Bangladesh

Importing Country: Japan

Category: Logistics and transport arrangement

Country and Procedure Description: Obtain cargo insurance (Export from BDG to JPN/Frozen shrimp)

Related Rules, Laws and Regulations:

Actors and Participants: - Exporter or representative
- Insurance company

Input Criteria to Enter or Begin the Business Process:

Activities and Associated Documentary Requirements: 1. This is a voluntary step, which is undertaken by the exporter on ad hoc basis. To obtain insurance, the exporter lodges an application with the insurance company, along with copies of the Commercial Invoice, L/C, Packing List and cargo Booking Confirmation. Based on satisfactory documentary evidence, the insurance company issues a policy. The exporter then pays the premium to the company.

Output Criteria to Exit the Business Process:

Activity Diagrams:

Number of Required Documents: 6

Minimum Required Time: 0.5

Maximum Required Time: 1.5

Average Required Time: 1

Minimum Cost:

Maximum Cost: 1.5

Average Cost: