5_PHAISTOS_-_Certificate.pdf (523 kB) 25/04/2025
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29/09/2014
The Club’s brokerage credit note follows a similar format to the main debit note. The credit note number is displayed in bold capitals in the title for ease of reference. The computation of brokerage on the gross premium is also clearly displayed
The Club issues its debit notes showing the gross premium payable only. Brokerage is itemised on a separate credit note as well as the “Debit/Credit Note Summary”. Many brokers save on time and administration cost by forwarding this debit note directly to the shipowner. The debit note number is displayed in bold capitals in the title for ease of reference. The basic computation of premium from insured value and applicable rate is also displayed followed by a due date and the period to which the premium applies.
