Coverage begins with the purchase of raw materials, continues through their transfer, by any means of transportation, all the way to the plant / warehouse, and goes on at the plant during manufacture. Coverage continues during storage in the warehouse until final delivery.
This type of policy covers the gap created by having various policies:
- Domestic and International raw material suppliers.
- FOB or CIF.
- Potential owned or leased interim storage from logistics supplier. It includes storage of raw materials, in-process products or finished products.
- FINISHED PRODUCTS FOB OR CIF.
- Distribution of owned or leased warehouse space from logistics supplier.