Marine Open Declaration Policy enables you to insure all your goods in transit or shipment during the year under a single policy. This policy is of a huge advantage for logistic companies, for multiple transits during the year and a single insurance policy can cover loss or damage of the cargo for multiple transit.
Marine Open Declaration policy are of three types, covering movement of goods from one place to another.
When an entity is dealing in multiple shipments in year, it is very tough and time consuming for the insured to insure goods for each shipments. Rather, one can insure all goods in transit in a single open policy subject to periodic declaration.
Neviim Insurance | All Rights Reserved © 2023.