Marine Insurance Certificate


Definition of "Marine insurance certificate"

Lorna Moodie-Foster, GRI, PMN
Lorna Moodie-Foster, GRI, PMN Mcalister Properties

Special policy blank issued by an insured for individual shipments or other purposes under an open policy. The open policy allows an insured to buy protection for all marine business for an indefinite period. When required to show evidence of insurance for a particular shipment, or to protect the cargo or ship of a client, the insured may issue a certificate of insurance backed by his or her own overriding open policy.

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