MARINE CARGO OPEN POLICY HANDBOOK

The official information publication released by the ICNZ, standing for the Insurance Council of New Zealand. This is a very compact yet quite informative and useful booklet intended to give readers a brief introduction to the marine cargo open policy. The content of the paper is arranged in twelve separate chapters. The first chapter gives a general introduction while the two following chapters detail the important definitions and working principles of terms of sale.

The advantages of the above mentioned policy is addressed in the fifth chapter. The remaining chapters of the document are dealing with the insurance period and coverage, policy extensions and declaring methods plus lower premiums. Two closing chapters will give you the information about the charging premiums under the policies and they also explain the advantages of insuring in NZ.

The specimen proposal form is provided for easy reference in the appendix to the main body of the booklet. In short, the publication will be useful to the people who need to have an idea of the subject with no need to get into the detailed analysis, and as such may be recommended to a broad readership - the explanations are plain and easy to read.