Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.
On average, a bag of ice will cost anywhere from as little as $1 for a 10-pound bag to as much as $6 for a 20-pound bag. The cost of ice will depend on the amount in the bag and the store selling it. A block of ice, which usually weighs around 50 pounds, can cost $20 to $35. Samâs Club, for instance, sells their 20-pound bag for $3 a bag.
If I look at the total ice used over 2 months, that would be about 3.6 billion kilograms of ice. Over this two month period that would cost about 45 million dollars. So, in comparison the cost of ice for the IBC is just a drop in the bucket.