In a follow-up to last month’s webinar, New Tariffs on Chinese Imports: Section 232 & Section 301<\/a>, we have prepared a short webinar presentation covering a topic that has gone widely ignored throughout the discussion on the newly imposed tariffs. This topic is how these tariffs affect your Marine Cargo Insurance, especially in the event of a claim on your policy.<\/p>\n No matter how you slice it, duties are on the rise and it is going to affect many aspects of international trade beyond the amount of duty paid on a shipment. If your basis of valuation is written at the industry standard of CIF + 10%, but your duty rate has increased to 25% due to the tariffs on steel and aluminum<\/a> or the tariffs on goods imported from China<\/a> your policy may not fully cover your cost in a claim situation.<\/p>\n In the webinar presentation, TRG’s Marine Insurance Manager, Felicia Donohue, discusses the following topics:<\/p>\nHigher Duties Mean a Higher Basis of Valuation<\/h2>\n
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Watch the Full Webinar on How Tariffs Affect Your Marine Cargo Insurance<\/h2>\n