GISTnet Tips: 11 Jul 2001
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General: Do you know what "adverse selection" is? If you issue insurance under a marine open cargo insurance policy, this is "must read" information. See the GISTnet glossary at: http://www.gistnet.com/sub/glossary/adverse_selection.html. Customs Brokers/Importers and Freight Forwarders/Exporters: Both import and export transactions require disclosure of the "ultimate consignee". See the GISTnet glossary at http://www.gistnet.com/sub/glossary/ultimate_consignee.html. Whenever you go to the glossary, follow the further links within the definitions to gain fullest understanding.