M1 Insurance
To specify details related to insurance
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code identifying the country
M101 is the code identifying the country in whose currency the insurance is specified.
Carriage value expressed in whole units of the standard monetary denomination for the currency specified
Monetary assigned value expressed in the standard monetary denomination for the currency specified
Code identifying how to extend charges or interpret value
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.
Free-form information
M106 is free-form information used to describe the type of insurance coverage.
Code identifying 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).
Monetary amount
Code specifying the percent qualifier
P0910: If either M1-09 or M1-10 is present, then the other is required
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
Code specifying the percent qualifier
P1112: If either M1-11 or M1-12 is present, then the other is required
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)