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Question
Write a word or phrase or a term which can substitute the following:
The policy under which cargo is insured for a specific period & voyage.
Solution
The policy under which cargo is insured for a specific period & voyage - Mixed policy
Explanation:
Mixed policy is a combination of voyage policy and time policy. Voyage policy provides insurance for a particular voyage, irrespective of time. On the other hand, time policy is for a specific period of time.
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