open insurance policy

Definition of "open insurance policy"
  1. A marine insurance agreement covering all exporter shipments made over a certain time, not confined to a single shipment
How to use "open insurance policy" in a sentence
  1. The manufacturer adopted an open insurance policy to safeguard multiple shipments.
  2. An open insurance policy can offer comprehensive coverage for various exports.
  3. Opting for an open insurance policy ensured protection for all of our shipments.
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