The insurance contract is a contract whereby the insurer will pay the insured (the person whom benefits would be paid to, or on the behalf of), if certain defined events occur. Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (i.e. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (i.e. a fire insurance policy).

The insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for payment, known as the premium, the insurer pays for damages to the insured which are caused by covered perils under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts.

Follow the tips below to avoid shipment delays for time-consuming and costly letter of credit amendments. Present this list to your importer.

A Letter of Credit (LC) is a document issued mostly by a banks, used primarily in trade finance, which usually provides an irrevocable payment undertaking. This means that if buyer do not perform his obligations, his bank pays. The letter of credit can also be the source of repayment of the transaction meaning that the exporter will get paid with the redemption of the letter of credit.

A Bill of Lading is a document of title, written receipt issued by a carrier, a transport company, that it has taken possession and received a item of property and usually also confirming the details of delivery (such as method, time, place or to whom), and serves as the carrier's title for the purpose of transportation.

The air waybill is a document which shall be either an air waybill referred to as an “airline air waybill”, with preprinted issuing carrier identification, or an air waybill referred to as a “neutral air waybill” without preprinted identification of the issuing carrier in any form and used by other than an air carrier.

Measurements of the Air Waybill

Reminder letter in the first place should indicate that the recipient had forgotten to make an important act. Most often the reminder letter is used as a reminder of the missed payment

When writing a reminder letter you must tread a careful line. You cannot be sure your client is deliberately frustrating you, he may really have forgotten. So you have to maintain a delicate balance between positively stating your request and still retaining the recipient's goodwill.

Resignation announcement is an oral or written statement that one is resigning a job position. Written form is mostly done through resignation letter.

Many companies don't like to keep the employees as soon as they have submitted the resignation announcement. And some companies would react critically to your decision, while some will try convincing you to stay. So, check out through your colleagues about the resignation policy of your company.

The main task of confirmation letter is to confirm some event or next step of the deal. However, any letter that is written to affirm the details or conditions that have been previously agreed upon is also considered to be a confirmation letter. For instance, the letter of confirmation letter is written to customers to reassert the deal that was signed before or maybe to confirm a person's invitation for an event.

A Notice to Pay Rent also know as Notice to Pay Rent or Quit or Notice to Pay Rent or Vacate is a form notice used to demand the rent payment that is overdue and payable. You are legally informing the tenant with this form that you're about to begin eviction proceedings against him if the default is not cured within a set amount of days.

This notice to pay is often called a Three Day Notice, and is also used to give Five day notice, Ten days or more depending on local landlord tenant eviction codes and law.

Notice to pay rent part: