in

How does an open cover operate?

The assured must declare all his shipments during the term of the open cover. 

There is no aggregate limit to the value of all shipments made, but a limit is set on the amount at risk in any one vessel, and often on the amount at risk in any one location.

 

What do you think?

138 Points
Upvote Downvote

Written by Ship Inspection

Leave a Reply

Does a separate policy have to be written for each consignment of goods sent under an open cover?

What is an open cover?