Insurance Broker
Insurance Broker in International Trade
Meaning of Insurance Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm who represents buyers of insurance and deals with insurance companies or their agents in arranging for insurance coverage for the buyer. An insurance agent represents a single insurance company whereas an insurance broker is free to obtain insurance coverage from any insurance company.
Related Entries of the International Encyclopedia:
- Premium Spanish Translation of premiumThis is the legal translation of English to Spanish in relation to premium and / or a definition of this topic: Prima (in Spanish, without translation of the dictionary entry)....
- Insured Spanish Translation of insuredThis is the legal translation of English to Spanish in relation to insured and / or a definition of this topic: Asegurado (in Spanish, without translation of the dictionary entry)....
- Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
- Cover Note Cover Note in International Trade Meaning of Cover Note, according to the Dictionary of International Trade (Global Negotiator): Document issued by insurance company or insurance brokers instead of insurance policies or insurance certificates, which serves as proof of usual insurance [...]...
- Subrogation Spanish Translation of subrogation This is the legal translation of English to Spanish in relation to subrogation and / or a definition of this topic: Subrogación (in Spanish, without translation of the dictionary entry). Subrogation in International Trade Meaning of Subrogation, [...]...
- Advance Payment Spanish Translation of insurance policy settlement options [advance payment]This is the legal translation of English to Spanish in relation to insurance policy settlement options [advance payment] and / or a definition of this topic: Derecho de Anticipo (in Spanish, without translation [...]...
- Without Prejudice Spanish Translation of without prejudiceThis is the legal translation of English to Spanish in relation to without prejudice and / or a definition of this topic: Reserva de Derechos (in Spanish, without translation of the dictionary entry)....
- Delay Clause Delay Clause in International Trade Meaning of Delay Clause, according to the Dictionary of International Trade (Global Negotiator): An insurance policy clause that excludes claims for loss of market and for loss, damage or deterioration arising from delay. This exclusion appears in almost [...]...
- Limited Liability Company Gmbh (Gesellschaft Mit Beschränker Haftung) in Company Law Meaning of Gmbh (Gesellschaft Mit Beschränker Haftung), according to the Dictionary of International Trade (Global Negotiator): In German speaking countries (Austria, Germany, Switzerland) a designation for a private limited [...]...
- Beneficiary Summary of Beneficiary The party named in a letter of credit as authorized to draw bills of exchange for acceptance by the issuing bank.(Main Author: William J. Miller) Spanish Translation of beneficiary This is the legal translation of English to Spanish in relation to [...]...
- Company Saving Plans Spanish Translation of company saving plans and company insurance schemesThis is the legal translation of English to Spanish in relation to company saving plans or company insurance schemes and / or a definition of this topic: Previsión Social Empresarial (in Spanish, without translation [...]...
- General Partnership Spanish Translation of general partnership This is the legal translation of English to Spanish in relation to general partnership and / or a definition of this topic: Sociedad Colectiva (in Spanish, without translation of the dictionary entry). General Partnership in International Trade [...]...
- Captain's Protest Captain's Protest in International Trade Meaning of Captain's Protest, according to the Dictionary of International Trade (Global Negotiator): A document prepared by the captain of a vessel on arrival at port, showing unusual conditions encountered during voyage. Generally, a [...]...
- Delivered Ex Quay Spanish Translation of delivered ex-quayThis is the legal translation of English to Spanish in relation to delivered ex-quay and / or a definition of this topic: D.E.Q. (in Spanish, without translation of the dictionary entry)....
- Bordereau Bordereau in International Trade Meaning of Bordereau, according to the Dictionary of International Trade (Global Negotiator): A method of reporting shipments to an insurance company under an open insurance policy. An insurance form similar to a declaration, which provides for insurance [...]...
- Binder Summary of Binder A temporary, often abbreviated document evidencing that insurance coverage has been effected. A binder is an interim measure until the full policy is prepared.(Main Author: William J. Miller) Binder in International Trade Meaning of Binder, according to the [...]...
- Limited Liability Limited Liability in International Trade Meaning of Limited Liability, according to the Dictionary of International Trade (Global Negotiator): A situation whereby the liability of a party within the company is limited to some extent. There are many forms of limited liability companies. For [...]...
- Delivered Duty Unpaid Spanish Translation of delivered duty unpaidThis is the legal translation of English to Spanish in relation to delivered duty unpaid and / or a definition of this topic: D.D.U. (in Spanish, without translation of the dictionary entry)....
- Breakbulk Cargo Breakbulk Cargo in International Trade Meaning of Breakbulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Non-containerized cargo that may be grouped or consolidated for shipment, and then is later broken down, subdivided, or distributed at a further [...]...
- Inward Foreign Manifest Inward Foreign Manifest (IFM) in International Trade Meaning of Inward Foreign Manifest (IFM), according to the Dictionary of International Trade (Global Negotiator): A complete listing of all cargo entering the country of discharge. Required at all world ports, it is the primary source of [...]...
- Put Option Spanish Translation of put optionThis is the legal translation of English to Spanish in relation to put option and / or a definition of this topic: Opción de Venta (in Spanish, without translation of the dictionary entry)....
- Intermediation Spanish Translation of infraction of insurance intermediation regulationsThis is the legal translation of English to Spanish in relation to infraction of insurance intermediation regulations and / or a definition of this topic: Mediación (in Spanish, without translation of the dictionary [...]...
- Carrier Liability Limit Carrier Liability Limit in International Trade Meaning of Carrier Liability Limit, according to the Dictionary of International Trade (Global Negotiator): The maximum amount of money for which a carrier is legally liable for loss or damage to cargo. This is surprisingly low. For example, under [...]...
- Bulk Cargo Bulk Cargo in International Trade Meaning of Bulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that consist entirely of one commodity and is usually shipped without packaging. Examples of bulk cargo are grain, coal, and oil....
- Deadweight Cargo Deadweight Cargo in International Trade Meaning of Deadweight Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo of such weight and volume that a long ton (2.240 pound) is stowed in an area of less than 70 cubic feet....
- Call Option Spanish Translation of call option This is the legal translation of English to Spanish in relation to call option and / or a definition of this topic: Opción de Compra (in Spanish, without translation of the dictionary entry). Call Option in International Trade Meaning of Call Option, [...]...
- Customs Duty Spanish Translation of exemption from customs dutyThis is the legal translation of English to Spanish in relation to exemption from customs duty and / or a definition of this topic: Franquicia Aduanera (in Spanish, without translation of the dictionary entry)....
- CFS CFS Charge in International Trade Meaning of Cfs Charge, according to the Dictionary of International Trade (Global Negotiator): The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station....
- Preferential Cargo Preferential Cargo in International Trade Meaning of Preferential Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that by the rules of the exporting or importing country must be transported by a particular flag carrier....
- Cargo Summary of Cargo Merchandise in the process of being transported; not to be confused with freight, which, in maritime usage, is the sum earned by a carrier for transporting goods. General cargo consists of various commodities comprising the property of many shippers or consignees; special [...]...
- Inherent Vice A latent defect in a product that causes damage to it, renders it useless, or otherwise inflicts an economic loss that is limited to the item itself. Insurance policies do not respond for losses attributable to inherent vice.......
- Dependent Company Spanish Translation of dependent company and subsidiary companyThis is the legal translation of English to Spanish in relation to dependent company or subsidiary company and / or a definition of this topic: Empresa Dependiente (in Spanish, without translation of the dictionary entry)....
- Subsidiary Company Spanish Translation of dependent company and subsidiary companyThis is the legal translation of English to Spanish in relation to dependent company or subsidiary company and / or a definition of this topic: Empresa Dependiente (in Spanish, without translation of the dictionary entry)....
- Cargo Manifest Cargo Manifest in International Trade Meaning of Cargo Manifest, according to the Dictionary of International Trade (Global Negotiator): A list of a ship's cargo but without a listing of charges....
- Containerizable Cargo Containerizable Cargo in International Trade Meaning of Containerizable Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that will fit into a container and result in an economical shipment....
- Compatible Cargo Compatible Cargo in International Trade Meaning of Compatible Cargo, according to the Dictionary of International Trade (Global Negotiator): A term used for cargo that may safely travel together....
- Criminal Liability Spanish Translation of criminal liabilityThis is the legal translation of English to Spanish in relation to criminal liability and / or a definition of this topic: Responsabilidad Penal (in Spanish, without translation of the dictionary entry)....
- Measurement Cargo Measurement Cargo in International Trade Meaning of Measurement Cargo, according to the Dictionary of International Trade (Global Negotiator): A cargo on which the transportation charge is assessed on the basis of measurement....
- Reinsurance An arrangement in which an insurance underwriter contractually spreads its policy risks with other underwriters, sharing the premium with them. For example, an underwriter may issue a policy for fifty million dollars to cover the loss of a ship; being unwilling to assume the full risk of loss, [...]...
- Special Marine Policy Special Marine Policy in International Trade Meaning of Special Marine Policy, according to the Dictionary of International Trade (Global Negotiator): An insurance policy which is issued to cover a single shipment. The special marine policy form calls for the name of the vessel and sailing [...]...
- Open Policy Marine insurance policy issued to cover various unspecified voyages over the life of the policy. An open policy is issued to a firm engaged in extensive shipping transactions, the details of which are probably unknown at the time the policy is issued; usually, the policyholder declares his [...]...
- Acquiring Company Spanish Translation of acquiring companyThis is the legal translation of English to Spanish in relation to acquiring company and / or a definition of this topic: Sociedad Absorbente (in Spanish, without translation of the dictionary entry)....
- Dominant Company Spanish Translation of dominant companyThis is the legal translation of English to Spanish in relation to dominant company and / or a definition of this topic: Empresa Dominante (in Spanish, without translation of the dictionary entry)....
- Deck Cargo Deck Cargo in International Trade Meaning of Deck Cargo, according to the Dictionary of International Trade (Global Negotiator): Goods shipped on the deck of a ship rather than in its holds. Since deck cargo is more exposed to the elements, traders may wish to stipulate that goods not be [...]...
- Public Company Spanish Translation of public companyThis is the legal translation of English to Spanish in relation to public company and / or a definition of this topic: Empresa Pública (in Spanish, without translation of the dictionary entry)....
- Landed Value Landed Value in International Trade Meaning of Landed Value, according to the Dictionary of International Trade (Global Negotiator): The value of cargo at the arrival point on the buyer's side.; i.e., cost of goods, packing, forwarding fees, pre-carriage, main carriage and insurance....
- General Cargo Rate General Cargo Rate in International Trade Meaning of General Cargo Rate, according to the Dictionary of International Trade (Global Negotiator): The rate a carrier charges for the shipment of cargo that does not have a special class rate or commodity rate....
- General Cargo Vessels General Cargo Vessels in International Trade Meaning of General Cargo Vessels, according to the Dictionary of International Trade (Global Negotiator): A vessel designed to handle breakbulk cargo such as bags, cartons, cases, crates and drums, either individually or in unitized or palletized [...]...
- Shipper Shipper in International Trade Meaning of Shipper, according to the Dictionary of International Trade (Global Negotiator): As the party who contracts for carriage, the party who enters in a contract of carriage with a carrier and pays the carrier is in a position to give the carrier handling [...]...
- Short Delivery Short Delivery (SD) in International Trade Meaning of Short Delivery (sd), according to the Dictionary of International Trade (Global Negotiator): Non-delivery of cargo at the intended port. When reported, this will result in the ship's agent sending a cargo tracer to locate the mission cargo....
- Cargo Agent Cargo Agent in International Trade Meaning of Cargo Agent, according to the Dictionary of International Trade (Global Negotiator): An agent appointed by an airline or shipping line to solicit and process international air and ocean freight for shipment. Cargo agents are paid commissions by the [...]...
- ICEX ICEX in International Trade Meaning of Icex, according to the Dictionary of International Trade (Global Negotiator): The Spanish official agency depending on the Ministry of Economy that administers the export and investment programmes of the Spanish Government. Website....
- Company Pension Plans Spanish Translation of company pension plansThis is the legal translation of English to Spanish in relation to company pension plans and / or a definition of this topic: Planes de Pensiones de Empleo (in Spanish, without translation of the dictionary entry)....
- Exclusive Distribution Spanish Translation of exclusive distributionThis is the legal translation of English to Spanish in relation to exclusive distribution and / or a definition of this topic: Distribución Exclusiva (in Spanish, without translation of the dictionary entry)....
- Payment Spanish Translation of payment and benefitsThis is the legal translation of English to Spanish in relation to payment or benefits and / or a definition of this topic: Prestación (in Spanish, without translation of the dictionary entry)....
- Broker Broker in International Trade Meaning of Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm that acts as an intermediary, often between a buyer and seller, usually for a commission. Related to international trade services there are three [...]...
- Insurance Policy Spanish Translation of insurance policyThis is the legal translation of English to Spanish in relation to insurance policy and / or a definition of this topic: Póliza de Seguro (in Spanish, without translation of the dictionary entry)....
- Insurance Certificate Insurance Certificate in International Trade Meaning of Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document used so that coverage is provided to cover loss or damage to cargo while in transit when insurance is placed against an open marine [...]...
- Insurance Coverage Insurance Coverage in International Trade Meaning of Insurance Coverage, according to the Dictionary of International Trade (Global Negotiator): The total amount of insurance that is carried....
- Insurance Premium Insurance Premium in International Trade Meaning of Insurance Premium, according to the Dictionary of International Trade (Global Negotiator): The amount paid to an insurance company for coverage under an insurance policy....
- Cargo Broker A broker representing the charterer in finding a vessel for hire.......
- Customhouse Broker A firm licensed by the U.S. Customs Service to act as the importer's agent in facilitating the clearance of goods through customs. In this capacity, the customhouse broker files all necessary documents with customs to ensure that the merchandise is expeditiously inspected by customs and that pr......
- Freight Broker Synonymous with Cargo Broker (read this and related legal terms for further details), in vessel charter transactions.......
- Owner's Broker A broker representing the vessel owner in ship chartering.......
- Reinsurance Broker Spanish Translation of reinsurance brokerThis is the legal translation of English to Spanish in relation to reinsurance broker and / or a definition of this topic: Corredor de Reaseguro (in Spanish, without translation of the dictionary entry)....
- Customs Broker Customs Broker in International Trade Meaning of Customs Broker, according to the Dictionary of International Trade (Global Negotiator): Licensed agent or broker (licensing may not be required in all countries) whose function is to handle the process of clearing goods through customs for importers....
- Export Broker Export Broker in International Trade Meaning of Export Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm that brings together buyers and sellers for a fee but does not take part in actual sales transactions....
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- Insurance Agency Contract Spanish Translation of insurance agency contractThis is the legal translation of English to Spanish in relation to insurance agency contract and / or a definition of this topic: Contrato de Agencia de Seguros (in Spanish, without translation of the dictionary entry)....
- Insurance Agent Spanish Translation of information that the insurance agent must provide to the clientThis is the legal translation of English to Spanish in relation to information that the insurance agent must provide to the client and / or a definition of this topic: Mediador de Seguros (in Spanish, without [...]...
- Insurance Brokers Spanish Translation of Regulatory Registry of Insurance Intermediaries, Reinsurance Brokers and ExecutivesThis is the legal translation of English to Spanish in relation to Regulatory Registry of Insurance Intermediaries, Reinsurance Brokers and Executives and / or a definition of this topic: [...]...
- Insurance Company Spanish Translation of insurance companyThis is the legal translation of English to Spanish in relation to insurance company and / or a definition of this topic: Entidad de Seguros (in Spanish, without translation of the dictionary entry)....
- Insurance Contract Spanish Translation of insurance contractThis is the legal translation of English to Spanish in relation to insurance contract and / or a definition of this topic: Contrato de Seguro (in Spanish, without translation of the dictionary entry)....
- Insurance Policy Supplement Spanish Translation of insurance policy supplementThis is the legal translation of English to Spanish in relation to insurance policy supplement and / or a definition of this topic: Adición (in Spanish, without translation of the dictionary entry)....
- Insurance Underwriters Spanish Translation of Association of Insurance UnderwritersThis is the legal translation of English to Spanish in relation to Association of Insurance Underwriters and / or a definition of this topic: Mediadores de Seguros (in Spanish, without translation of the dictionary entry)....
- International Association of Insurance Law Spanish Translation of International Association of Insurance LawThis is the legal translation of English to Spanish in relation to International Association of Insurance Law and / or a definition of this topic: Aida (in Spanish, without translation of the dictionary entry)....
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- Insurance Policy Settlement Options Spanish Translation of insurance policy settlement options [cash value reduction]This is the legal translation of English to Spanish in relation to insurance policy settlement options [cash value reduction] and / or a definition of this topic: Derecho de Reducción (in Spanish, [...]...
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- Cargo Insurance Cargo Insurance in International Trade Meaning of Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance placed on goods during transportation....
- Cargo Insurance Certificate Cargo Insurance Certificate in International Trade Meaning of Cargo Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document indicating the type and amount of insurance coverage in force on a particular shipment. Used to assure the consignee [...]...
- CIP Carriage and Insurance Paid To CIP Carriage and Insurance Paid to in International Trade Meaning of Cip Carriage and Insurance Paid to, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CIP, the seller has the same obligations as under CPT (Carriage Paid to) terms, but with the addition [...]...
- Contingency Insurance Contingency Insurance in International Trade Meaning of Contingency Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage taken out by a party to an international transaction to insure against insurance coverage taken by the counterparty. The [...]...
- Cost, Insurance and Freight (CIF) Cost, Insurance and Freight in International Trade Meaning of Cif Cost, Insurance and Freight, according to the Dictionary of International Trade (Global Negotiator): In this Incoterms, the seller has the same obligations as under CFR but with the addition hat he has to procure marine [...]...
- Export Credit Insurance Export Credit Insurance in International Trade Meaning of Export Credit Insurance, according to the Dictionary of International Trade (Global Negotiator): Special insurance coverage for exporters to protect against non payment by the importer (coverage may extend to certain other risks, [...]...
- Marine Cargo Insurance Marine Cargo Insurance in International Trade Meaning of Marine Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess [...]...
- Unfair Calling Insurance Unfair Calling Insurance in International Trade Meaning of Unfair Calling Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage to protect principals who have issued demand guarantees or bonds against an unfair or abusive call of the [...]...
- War Risk Insurance War Risk Insurance in International Trade Meaning of War Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage against war risks as outlined in detail in some dozen rather than specific paragraphs of an insurance policy. The policy [...]...
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- Open Marine Cargo Insurance Policy Open Marine Cargo Insurance Policy in International Trade Meaning of Open Marine Cargo Insurance Policy, according to the Dictionary of International Trade (Global Negotiator): A type of insurance policy intended to cover an indefinite number of future individual shipments. The insurance [...]...
- Co-insurance Co-insurance in Aging Law Concept of Co-insurance in the context of Community Health Care and Services for Older Persons, published by the World Health Organization (WHO):A cost-sharing requirement under a health insurance policy. It provides that the insured party will assume a portion or [...]...
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- Benefit Of Insurance Clause A provision contained in some ocean bills of lading providing that the ocean carrier is not liable for cargo losses where the merchandise is covered by insurance. This provision has been upheld by the courts (Phoenix Insurance Company vs. Erie & Western Transport Company, 117 U.S. 312, 6 S.Ct. 750 1......
- Captive Insurance Company A subsidiary formed to insure the risks of its noninsurance parent or affiliated companies. The captive may also reinsure risks that have been placed with third- party insurers, all or a portion of which have been transferred subsequently to the captive; in this arrangement, the unrelated insurer is......
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- Cancellation of Insurance Policy Spanish Translation of cancellation of insurance policyThis is the legal translation of English to Spanish in relation to cancellation of insurance policy and / or a definition of this topic: Rescisión del Seguro (in Spanish, without translation of the dictionary entry)....
- Company Insurance Schemes Spanish Translation of company saving plans and company insurance schemesThis is the legal translation of English to Spanish in relation to company saving plans or company insurance schemes and / or a definition of this topic: Previsión Social Empresarial (in Spanish, without translation [...]...
- Fixed Term Insurance Spanish Translation of fixed term insuranceThis is the legal translation of English to Spanish in relation to fixed term insurance and / or a definition of this topic: Seguro a Plazo Fijo (in Spanish, without translation of the dictionary entry)....
- Patent Insurance Spanish Translation of patent insuranceThis is the legal translation of English to Spanish in relation to patent insurance and / or a definition of this topic: Seguro de Patentes (in Spanish, without translation of the dictionary entry)....
- Private Insurance Law Spanish Translation of private insurance lawThis is the legal translation of English to Spanish in relation to private insurance law and / or a definition of this topic: Derecho del Seguro Privado (in Spanish, without translation of the dictionary entry)....
- Catastrophic Health Insurance Catastrophic Health Insurance in Aging Law Concept of Catastrophic Health Insurance in the context of Community Health Care and Services for Older Persons, published by the World Health Organization (WHO):Health insurance which provides protection against the high cost of treating severe or [...]...
- Credit Risk Insurance Credit Risk Insurance in International Trade Meaning of Credit Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance designed to cover risks of nonpayment for delivered goods....
- General Liability Insurance General Liability Insurance in Aging Law Concept of General Liability Insurance in the context of Community Health Care and Services for Older Persons, published by the World Health Organization (WHO):Insurance which covers the risk of loss for most accidents and injuries to third parties (the [...]...