Marine Cargo Insurance – Open Policy

A cargoA load of materials being transported by a vehicle... insuranceA system of protection against loss under which a ... policy that is an open contractAn agreement between two or more competent persons...; i.e. it provides protection for all of an exporter’s shipments afloat or in transitIf the tracking status of a shipment is “In Tran... within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is “open” because the goodsA merchandise or materials which are used to satis... that are shipped are also detailed at that time. This is usually shown in a document called a marine insuranceInsurance that compensates the owners of goods tra...insurance certificateA document issued to the consignee to certify that....