An open cover arrangement provides a framework for recurring shipments subject to its agreed conditions and declarations.
The distinction that matters
It does not mean every cargo, route or shipment value is accepted without limits or disclosure.
What to check
- Check declaration deadlines.
- Confirm goods, routes and conveyances.
- Review valuation and accumulation limits.
Example to discuss
An exporter introducing refrigerated cargo checks whether the existing open cover accepts that cargo and temperature exposure.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.