Obtain cargo insurance

Case Study

Title: Export of Cardamom from Nepal to India

Corridors and Routes: Not Specified

Trade Product: Cardamom

Trade Type: Export

Process Analysis: Export from Nepal, Import to India

Exporting Country: Nepal

Importing Country: India

Category: Logistics and transport arrangement

Country and Procedure Description: Obtain cargo insurance (Export from NPL to IND/Cardamom)

Related Rules, Laws and Regulations:

Actors and Participants: - Exporter or Representative
- Insurance Company

Input Criteria to Enter or Begin the Business Process: -Importer and an exporter have agreed that the cargo insurance is done at the exporter's expense

Activities and Associated Documentary Requirements: 1 Exporter applies for cargo insurance with following documents - Application - PAN/VAT certificate - Firm registration certificate - Commercial /export invoice - Packing list - Transport document 2 Insurance company verifies the submitted documents. 3 If documents are correct insurance company decides to issue insurance coverage. 4 Insurance company requests exporter to pay premium 5 Exporter pays the premium 6 Insurance company collects the premium 7 Insurance company issues the insurance policy. 8 Exporter collects the insurance policy

Output Criteria to Exit the Business Process: - Insurance policy is issued

Activity Diagrams:

Number of Required Documents: 6

Minimum Required Time:

Maximum Required Time:

Average Required Time: 1

Minimum Cost:

Maximum Cost:

Average Cost: USD 98