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by TinaT
Wed Sep 20, 2006 1:00 am
Forum: UCP 500
Topic: An unusual clause in Marine Insurance Policy
Replies: 3
Views: 2746

An unusual clause in Marine Insurance Policy

Good evening to everyone,
I would like know your opinions about a marine insurance policy bearing a clause such as "declaration against open policy no.ABC1234".
Why is this clause appears in the policy? Is this acceptable? If it is unacceptable, please provide reasons.Thanks.