As per Section 4 of the Marine Insurance Act a contract of marine Insurance may, by its express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage.
Tag: RAW
Mixed syndicate
A syndicate which is made up of Names and/or MAPAs and corporate members.
Mixed syndicates
Lloyd’s syndicates made up of both corporate and individual members. Generally spread vehicles write on these syndicates alongside names. See PARALLEL SYNDICATES.
Mixed Time and Voyage Policy
A Policy combining voyage and time. An import can be covered under a Policy during transit and also for a specific length of time, say 30 days, after arrival at importer’s place.