Usually the invoice value plus 10% (CIF/CIP + 10%). LogiFindex calculates it automatically as value × 1.10.
Quick answer
On LogiFindex you request cargo insurance on the same listing as your freight. Enter the goods value and you instantly see an indicative premium and the insured value (value × 1.10); insurers then send competing quotes for ICC (A), (B) or (C) cover, and you compare premium, cover and deductible before accepting one.
How it works
- 1
Create your shipment listing: route, cargo and Incoterm.
- 2
Choose “Insure” and enter the goods value - an indicative premium and the insured value (value × 1.10) appear instantly.
- 3
Select the cover you need: ICC (A) all risks, ICC (B) or ICC (C).
- 4
Insurers send competing quotes with premium, cover and deductible.
- 5
Accept the best quote; the policy details stay on the shipment record.
Why it matters
Instant indicative premium
Know the order of magnitude before quotes arrive.
Cover, not only price
Compare cover and deductible next to the premium.
ICC (A), (B), (C)
The standard Institute Cargo Clauses, explained on every quote.
Why it matters
Under CMR a road carrier’s liability is capped at 8.33 SDR per kg.
Same listing as freight
No separate request - insurance is part of your shipment.
0% commission
Free during early access.
Frequently asked questions
ICC (A) is the broadest (all risks except exclusions); ICC (B) covers named perils; ICC (C) only major casualties. Selling on CIP requires ICC (A) under Incoterms 2020.
No. It is for orientation; the final premium is the one in the insurer’s quote.
Carrier liability is limited - under CMR to 8.33 SDR per kilogram of gross weight - which is often far below the value of light, high-value goods.
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