Insurance

 

Insurance can be added to the bill of lading. It can be added manually or automatically, based on the rating defaults setup. The insurance charge works as follows:

 

1.      In the bill of lading, assign Y in the insured field in the header of the bill of lading

2.      In the commodity field, assign the cargo value in the cargo field, right next to the commodity field

3.      The rating defaults must have two entries for cargo NOS, for the desired ports and CONT for containers, LCL for loose cargo and .NA. if it is the same for both containers and loose cargo

a.       Freight rate group with rate type %VALUE

b.      Insurance rate group with rate type %ALL

c.       When rating the B/L you should see two insurance entries

 

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