Guarantee
Premium rate
You have made the insurance price, premium charges and compensation standards.
· Document premium fee is 30 RMB, one lost claim is 1500 RMB.
· The insurance premium is charged at 1% of the declared value and 100 RMB is charged at a lower rate. If the goods are lost, the company will make full compensation according to the declared amount of the lost part, and the lost part of the freight will be exempted. (partial loss, compensation for partial loss of value and freight)
1: Value of goods for example: If 5000USD is declared, the goods are 10 pieces, if one piece is lost, the amount of compensation should be: 5000USD_10PCS = 500USD.
2: For example, if the freight is 5000RMB, the goods are 10 pieces, and if one piece is lost, the exempted freight amount should be 5000RMB_10PCS = 500RMB.
· The insured amount of a single ticket is not more than 100,000 RMB!
You have not insured the price and the compensation standard.
· If the goods are lost, the company will declare value compensation for the lost part of the promissory note free of freight and for the lost part, but not more than 100 USD.
· If the documents are lost, the documents will be processed according to the documents free of promissory note and the compensation of 100RMB. (partial loss, only partial loss of value and freight)
1: Value of goods for example: If you declare 5000USD, the goods are 10 pieces, if you lose one, first calculate the unit price: 5000USD_10PCS = 500USD, because 500USD is greater than 100USD, so according to 100USD compensation!
2: For example, if the freight is 5000RMB, the goods are 10 pieces, and if one piece is lost, the exempted freight amount should be 5000RMB_10PCS = 500RMB.
Special provisions in the following circumstances
· All imports and special products (imitation, anti-dumping and other non-conventional products) are not insured.
· High value products need to provide proof of product value, before the company can insure the price (high value is defined as over 5000USD products). If the actual value of goods does not match the declared value, the insurance agreement will automatically expire.
· No compensation shall be made for the insured price of lines other than double-clearance tax lines in case of customs deduction.
The right to interpret this rule belongs to Shanghai Xiongda International Logistics Co., Ltd.
Current position：Xiongda International Logistics Company - Logistics Solutions - Value-added services - Guarantee 
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