M1 Insurance

To specify details related to insurance

Position
Element
Name
Type
Requirement
Min
Max
Repeat
M101
Country Code
Identifier (ID)
Mandatory
2
3
1
Code identifying the country
M101 is the code identifying the country in whose currency the insurance is specified.
M102
Carriage Value
Numeric (N0)
Optional
2
8
1
Carriage value expressed in whole units of the standard monetary denomination for the currency specified
M103
Declared Value
N2
Optional
2
12
1
Monetary assigned value expressed in the standard monetary denomination for the currency specified
M104
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
1
Code qualifying how to extend charges or interpret value
M105
Entity Identifier Code
Identifier (ID)
Optional
2
3
1
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.
M106
Free-Form Message
String (AN)
Optional
1
30
1
Free-form information
M106 is free-form information used to describe the type of insurance coverage.
M107
Rate/Value Qualifier
Identifier (ID)
Conditional
2
2
1
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).
M108
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
M109
Percent Qualifier
Identifier (ID)
Conditional
1
2
1
Code to qualify percent
P0910: If either M1-09 or M1-10 is present, then the other is required
M110
Percent
Decimal number (R)
Conditional
1
10
1
Percentage expressed as a decimal
M111
Percent Qualifier
Identifier (ID)
Conditional
1
2
1
Code to qualify percent
P1112: If either M1-11 or M1-12 is present, then the other is required
M112
Percent
Decimal number (R)
Conditional
1
10
1
Percentage expressed as a decimal

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