Tools
Cargo Value & Insurance Risk
Calculate CIF value and insured amount per ICC cargo insurance standards
Insurance Calculation (ICC Standard)
Insured Value (CIF × 1.1)
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Insurance Premium
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| Component | Amount |
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ICC A clause (all risks) insures CIF value × 110% per Institute Cargo Clauses standard.
CIF & ICC Formula
CIF (Cost + Insurance + Freight):
CIF = (Cargo Value + Freight) ÷ (1 − Insurance Rate)
The ICC 10% margin adds a 10% buffer above CIF for consequential losses.
Insured Value = CIF × 1.10
Premium = Insured Value × Insurance Rate