NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Non-Life Insurance Products
A marine cargo policy that covers goods for a specific voyage between two named ports, rather than for a period of time, is known as a:
It is a voyage policy. A voyage policy covers cargo or a vessel for a journey between specified ports, while a time policy covers a fixed duration and a floating policy covers several shipments under a single declared sum insured.
- ATime policy
- BVoyage policyCorrect
- CFloating policy
- DMixed policy only for hull
Explanation
A voyage policy covers the subject matter for a particular journey between named places. A time policy covers a fixed period. A floating policy covers multiple shipments under one sum insured. The hull option is not the standard description of this cover.
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