Open Policy


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Open Policy

A marine cargo insurance policy issued to cover various unspecified exports over the life of the policy.

Open Policy

In maritime commerce, an insurance policy stating that the insurer is responsible for partial losses on the value of the covered products without stating what is specifically covered. Sometimes open policies include a deductible and sometimes they do not. Depending on the amount of the deductible, the insurer of an open policy will be liable for losses if some of the products break in transit, regardless of the reason. See also: WPA.
References in periodicals archive ?
Bahrain's attractiveness stems from an open policy to foreign investment, liberal trade policies and a light tax system.
Summary: BEIRUT: A French parliamentary committee recommended that the Paris administration to tie its open policy toward Syria to Damascus' cooperation to key issues, including the demarcation of borders with Lebanon, as well as the file of the missing and detained Lebanese there.
The firm, which works alongside landlords associations throughout the North East, said that its unique combination of services and its open policy of helping those on housing benefits had helped it to become one of the region's fastest growing property lettings agents.
The former premier is also the most apt politician to adopt an open policy in the region unlike the policy Baghdad has followed for years, Saghieh added.
We now have not only an unelected prime minister, but also a government with an open policy of ignoring the facts.
Shawaqfeh affirmed the university open policy to strengthen academic and scientific cooperation with higher institutions in Arab, Muslim and Foreign countries.
Stating that the new US Administration was taking relations with India very seriously, and New Delhi could expect a more open policy, Schaffer said President Obama would bring new dynamics at the United Nations.
The authors describe architectures and protocols for services such as RADIUS, Common Open Policy Service (COPS), Diameter, Simple Network Management Protocol and NETCONF.
We have an open policy at my practice unless people are from outside the area.
We've always had an open policy for tours,'' he said, ``but this is the first formal outreach for people to come in.
Please do not change your wonderfully open policy of expression, which we have enjoyed and admired over the years.