Open cargo marine contracts provide a fixed amount of coverage for all transported property on an annual basis,regardless of the amount shipped.

Name: Open cargo marine contracts provide a fixed amount of coverage for all transported property on an annual basis,regardless of the amount shipped.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Open cargo marine contracts provide coverage based on the actual value of each shipment, not a fixed amount for all transported property annually.

Open Cargo Marine Contracts Provide a Fixed Amount of Coverage