Under the insurance agreement there can be insured:
Property interests of the Insured in case of occurrence of civil liability to the Beneficiary for customs fees and interest payment failure.
The insurance event is:
- non-payment of customs fees upon expiry of customs fees’ deferred or installment payments period. The date of overdue debt is considered to be the day following expiration of deferred or installment payment period.
- additional customs fees charges resulted from carrying out customs control after the release of goods. For additional customs fee charges, the date of overdue debt is the day of demand submission for discharging debt for customs fee payments and in other cases provided for by the Customs Code.