M1 Insurance

To specify details related to insurance

Position
Element
Name
Type
Requirement
Min
Max
Repeat
M1-01
Country Code
Identifier (ID)
Mandatory
2
3
-
Code identifying the country.
M101 is the code identifying the country in whose currency the insurance is specified.
M1-02
Carriage Value
Numeric (N0)
Optional
2
8
-
Carriage value expressed in whole units of the standard monetary denomination for the currency specified.
M1-03
Declared Value
N2
Optional
2
10
-
Monetary assigned value expressed in the standard monetary denomination for the currency specified.
M1-04
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
M1-05
Entity Identifier Code
Identifier (ID)
Optional
2
2
-
Code identifying an organizational entity, a physical location, or an individual
M105 (Organization Identifier) is the code for the beneficiary of the insurance policy.
M1-06
Free Form Message
String (AN)
Optional
1
30
-
Free-form information.
M106 is free-form information used to describe the type of insurance coverage.
M1-07
Rate/Value Qualifier
Identifier (ID)
Conditional
2
2
-
Code qualifying how to extend charges or interpret value.
P0708: If either M1-07 or M1-08 is present, then the other is required
M107 through M112 may be used to specify the values to be used in insurance formulas. For example: M107 and M108 may specify the basis of application and the premium rate ($0.25 per hundred) M109 and M110 may specify the value at which insurance is to be obtained (insure at 110% of bill of lading value.) M111 and M112 may specify the premium rate (rate of .015 per dollar.)
M1-08
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
M1-09
Percent Qualifier
Identifier (ID)
Conditional
1
2
-
Code to qualify percent.
P0910: If either M1-09 or M1-10 is present, then the other is required
M1-10
Percent
Decimal number (R)
Conditional
1
10
-
Percentage expressed as a decimal
M1-11
Percent Qualifier
Identifier (ID)
Conditional
1
2
-
Code to qualify percent.
P1112: If either M1-11 or M1-12 is present, then the other is required
M1-12
Percent
Decimal number (R)
Conditional
1
10
-
Percentage expressed as a decimal

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