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Glossary Home | Search Glossary | Submit New Term Ocean marine insurance, war risksCoverage on cargo in overseas ships for war-caused liability excluded under standard ocean marine insurance. Not covered is cargo awaiting shipment on a wharf, or on ships after 15 days of arrival at a port. Confiscation of the cargo by a government is covered. Most policies have an automatic termination clause that goes into effect within 60 days of the declaration of war between countries specified in the policy. Find a Real Estate Agent to help you to buy or sell a home |
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