Insurance Premium Fee (保费费率)
The tiered cargo insurance fee (1%, 2%, or 3%) determined by the declared valuation per kilogram.
Term Definition
The insurance premium fee applies on an optional basis using a clear schedule: 1% of item cost for goods valued up to 0/kg, 2% for 0-0/kg, and 3% for 0-00/kg. This fee covers full merchandise reimbursement if an inward lot experiences transit loss.
Usage Example
«With products priced at 8/kg, the insurance premium fee was computed at the one percent tier.»
What we do
We compute insurance fees at 1%, 2%, or 3% based strictly on declared value per kilogram.
Related site pages
Other terms in this category
Commercial Invoice
The principal commercial billing document detailing item descriptions, quantities, unit prices, and order value.
Packing List (装箱单)
Shipping manifest detailing package counts, gross/net weights, dimensions, and contents per carton.
Shipping Marks (箱唛)
Alphanumeric identifying codes, client tags, and handling arrows stenciled onto master cartons.
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