General policy

is a policy under the terms of which all cargo received or sent by insured are considered as insured for a certain period, within certain limits of insurer’s liability. Usually, insured is obliged for each cargo shipment that is subject to the general policy to inform the insurer: name of a vessel on which cargo is sent, route of cargo and insurance amount. Insured is not exempt from this obligation, even if it receives information about shipment of cargo after its delivery to destination point in intact condition. Insurer is obliged at request of insured to issue, on individual shipments that fall under the general policy, the policies or insurance certificates for each shipment.