An “Open” marine cargo policy is designed for frequent shippers. The contract will cover all transits that come within the scope of the insurance. Premiums are debited monthly, quarterly or annually. The main advantage of this type of policy is that the client does not need to report each shipment individually to ensure cover is in place. Instead, they declare shipments as required, or in bulk for a set period, on a set date. The policy is generally written on a wide basis to cover all goods and merchandise throughout the year. The Insured must present the Insurer with all the specific details of their business, including the type of goods involved, limits, and destinations. Shipments outside of the norm, or in excess of limits or geographic allowances, must be reported in advance