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1. All premiums# payable will be based on 3% of the declared item value subject to a minimum premium# of S$18 for each consignment note. Declared item value shall include, but not limited to, cost of the item, any insurance purchased for the local shipping to SingPost’s designated warehouse in USA / Japan / Europe (as the case may be), local shipping charges to SingPost’s designated warehouse in USA / Japan / Europe (as the case may be) and any other applicable charges paid.
2. Limits of liability of each consignment note will be US$20,000. The basis of valuation of any loss or damage to the subject matter or any such expense incurred related thereto is set out in the policy.
3. Nil excess will apply for each consignment note.
#Premium(s) refers to Insurance premium and administrative fees payable. |