Manual on Statistics of International Trade in Services

Pension funds 
are separate funds established for 
the purpose of providing income on retirement for 
specific groups of employees. They are organized and 
directed by private or public employers or jointly by 
employers and their employees. They are funded by 
contributions from the employer and/or the employees 
and by the investment income earned on fund assets, and 
they also engage in financial transactions on their own 
account. They do not include social security schemes 
organized for large sections of the community that are 
imposed, controlled or financed by general government. 
Pension fund management services are included. In the 
case of pension funds, “premiums” are generally 
described as “contributions”, while “claims” are 
generally described as “benefits.”
3.103. 
Freight insurance services 
relate to insurance 
provided on goods that are in the process of being 
exported or imported, on a basis that is consistent with 
the measurement of goods f.o.b. and 
freight 

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transportation
 
as described in paragraphs 3.67-3.70 
above. This means that freight insurance services should 
be included in the compiling economy when they (a) 
relate to exports of goods beyond the customs frontier of 
the compiling economy and are supplied by resident 
insurers (credits) or (b) relate to imports of goods to the 
compiling economy, beyond the customs frontier of the 
exporting economy when they are provided by non-
resident insurers (debits).
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In addition, 
freight insurance 
services
includes services related to other transportation 
of goods, where the insurance services are provided 
between a resident and a non-resident of the compiling 
economy. 
3.104. 
Freight 
insurance provides coverage against theft 
of, damage to, or complete loss of freight. Box 4 
describes the recommended method for estimating 
freight insurance services
. Excluded from the coverage 
of 
freight insurance 
services is the insurance of the 
vehicles that are used to transport the goods.
3.105.