How to Fill in the Insurance Premium on the Customs Declaration Form? A Detailed Explanation of the Handling Methods for Unpaid Premiums

In theforeign tradeIn import/export operations, details like completing the insurance column in customs declarations often arise - especially without actual premium payments. Today well demystify this seemingly complex insurance question to facilitate smoother customs clearance.

In practice, if import goods transaction price excludes insurance, or export insurance isnt sellers responsibility, how should the customs declarations insurance column be completed? Per customs regulations, two common approaches exist:

1. Enter 0.3If no insurance actually occurred, enter 0.3 in the insurance column. This represents unpaid premiums estimated per default requirements to meet basic customs needs.
2. Apply 3‰ default insurance rateRegulations permit using 3‰ of goods value plus freight as default rate for calculation. This means declaring estimated premiums (though unrealized) at this default ratio for customs compliance.

When estimating, calculate insurance as 3‰ of goods value plus freight. Note this is purely compliance-driven estimation - not actual costs. Clearly mark it as regulatory estimation rather than real insurance amounts.

Under specific circumstances, the insurance column may be exempt:

• When import transaction prices already include insurance, separate declaration becomes unnecessary.
• For FOB exports where buyers handle insurance, sellers may omit insurance values.

When filling in the insurance premium, if you choose to report based on the estimated insurance rate, be sure to correctly mark the method of premium reporting. For example, use 0.3/1 to indicate that the reporting is based on the rate. At the same time, note that if the goods are transported byAir Transportation, land transport, or under specific conditionsMaritime Transportation, and the insurance premium is indeed zero, then it should be directly filled in as zero according to the actual situation, or follow the specific instructions of the customs at that time.

Although filling in the insurance premium on the customs declaration form may seem cumbersome, by understanding different handling methods, we can more flexibly respond to various situations. Whether it is an insurance premium that has not actually occurred, a situation that requires estimation, or conditions that qualify for exemption from reporting, as long as the relevant regulations are strictly followed and properly marked, the customs declaration can be completed smoothly. We hope this guide can help clarify your confusion when filling in the insurance premium on the customs declaration form and assist you in better completingimport and exportevery step in the business process.