Insurance policy and Insurance Certificate

There are three types of cargo insurance documents available in the international maring cargo insurance market. These are insurance policy, insurance certificate and declaration under an open cover.

Declaration under an open cover is not used so frequently in daily practice compared to remaining two insurance document types. 

For this reason knowing details of insurance policy and insurance certificate is very important not only for exporters and importers but also other foreign trade participants.

Insurance Policy: Insurance policy is a legally binding written document, _________ ___ ______ ________ _______ _________ __________ ___ _________ ________ _________.
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