Voyage Policy

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Voyage Policy

In shipping, an insurance policy that provides coverage for the entirety of the voyage (rather than a stated period of time). A voyage policy usually covers damage or loss to the cargo, but not to the ship.
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References in periodicals archive ?
There are three sub-types of marine cargo: Open Cover Cargo Policies that cover all cargo during a specific period of time (i.e.: 1 year); Specific Cargo Policies or Voyage Policies that cover a specific freight shipment; and Contingency Insurance Policies, or secondary insurance with typically smaller premiums in case the primary insurance doesn't pay.
(119) The law here draws a distinction between voyage policies and time policies.