What is meant by whole insurable turnover and why is it required under the Policy? (SBP only)

    Whole insurable turnover means that you must declare to HKECIC all your insurable shipments to your overseas buyers. The only exceptions are shipments to those buyers on whom HKECIC has refused cover in writing or excluded in writing, and shipments to your associate or subsidiary companies. We, like any other insurers, continuously aim at enlarging our spread of risks. By following the whole insurable turnover requirement, we can achieve a better spread of risks so as to offer the lowest possible premium rates to you. We will not meet any claim if you fail to declare all your insurable shipments.