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
12
-
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
3
-
Code identifying an organizational entity, a physical location, property 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), and M111 and M112 may specify the premium rate (rate of .015 per dollar).
M1-08
Monetary Amount
Decimal number (R)
Conditional
1
18
-
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

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference is provided for marketing purposes and is free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.