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 ?
Regulation hasn't helped matters either, and we have a particularly open policy towards investment that isn't street-wise enough.
To comply with Bank requirement this only a declaration made by the insurers certifying that the Open Policy has been issued by the company and all consignments are duly covered as per terms of Open Policy
According to the source, "the school management apologised for the incident and said that it was a personal act by a teacher that did not reflect the open policy of the academic institution.
DUBAI, October 17, 2011 (Balochistan Times): Former Prime Minister Shaukat Aziz has called for following an open policy and holding talks with others without accepting pressure as mere political statements would not resolve the problems.
In a statement earlier this week, Chris Baldock, general manager of the Symphony Hall, said: "We have a general open policy as regards all faith groups and have therefore accepted a booking from John Hagee Ministries.
Chris Baldock, Symphony Hall's general manager, said: "We have a general open policy as regards all faith groups.
This ministry in consultation with the Ministry of Commerce determined 2,53,000 quantity of exportable live animals for meat purpose through Open Policy Quota under the existing export policy," he added.
A spokesman said: "What also makes this Platform unique is the open policy, inviting all dance-artists working in Wales to take part, not just a selected few filtered through a critical or curatorial eye.
The report was authored by Timothy Vollmer, an open policy fellow at Creative Commons and consultant to the ALA's Office for Information Technology Policy (OITP).
Slajdzic eulogized Turkey's foreign policy and said that Turkey pursued an open policy for all parts.
As a union we pride ourselves on our open policy of access to every media and therefore to the fans which are at the very centre of our game and we are very much looking forward to working with ITV next year and in 2015.