British Admiralty Nautical Chart 1295: China Bo Hai, Laizhou Gang and Haimiao Gang Gulf of Riga Introduction to open cover insurance Introduction to open cover insurance – The floating policy and open cover – Brokers’ declarations – Valuations of declarations –Limit any one vessel – Locations limits – Cancellation clauses – Schedule of voyages and rates – Premiums – Classification clause – Overage AP’s – Declarations – Certificates – Renewal of a floating policy – Statistics – Rotation clause – The parity clause – Policies issued off open covers – Block policies – Open slips – Leading underwriter agreements – Profit commission 5 SAFETY AND CONTINGENCY ocean crossings Mariners should always use the largest scale nautical chart appropriate to their needs