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Marine insurance is for one year or for a _______Specified period.

  • Marine insurance is for one year or for a Voyage Specified period.
  • Marine insurance can be either for one year or for a voyage specified period, depending on the terms of the policy and the needs of the insured.
  • A "voyage specified" policy provides coverage for a specific voyage or journey and terminates upon completion of that voyage.
  • This type of policy is typically used for cargo shipments or other marine transport that has a clear starting point and destination.