Business Studies

Select the option from the choices given below:
______ is a kind of marine policy which covered risk for a fixed period.


ANSWER

Time policy


SOLUTION
Time policy is issued for a particular time period. Marine losses during this fixed period are insured.
Voyage policy is valid during a particular voyage. Risk is covered from the port of departure to the port of destination.
Mixed policy has the elements of both time and voyage policies.
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Single Correct Medium Published on 18th 08, 2020
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