Voyage Policy

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Dictionary Says

Definition of 'Voyage Policy'

A financial protection plan that provides coverage for goods in transit by sea. In order for a voyage policy to be valid, the vessel transporting the cargo must be in good condition and capable of making the journey, and the vessel's crew must be competent. This requirement exists because a voyage policy, like any insurance policy, is intended to protect against unforeseen risks, not against preventable risks. Voyage policies are important in the export business. A voyage policy may also be called "marine cargo insurance."
Investopedia Says

Investopedia explains 'Voyage Policy'

In addition to the seaworthiness exclusion described above, a voyage policy will also exclude losses caused by willful misconduct, ordinary leakage, ordinary wear and tear, improper or inadequate packaging, labor strikes and acts of war. Also, the policyholder may need to purchase additional insurance to cover the cargo during the entire transport process. Voyage policy may not cover a loss that occurs while the goods are being loaded onto the ship, for example.
Search results for

'Voyage Policy'

  • The History Of Insurance

    http://www.investopedia.com/articles/08/history-of-insurance.asp
    ... The first written insurance policy appeared in ancient times on a Babylonian ... the
    more desperate areas of London, and would purchase provisions for the voyage. ...

  • The Birth Of Stock Exchanges

    http://www.investopedia.com/articles/07/stock-exchange-history.asp
    ... of a lost ship ruining their fortunes, ship owners had long been in the practice
    of seeking investors who would put up money for the voyage - outfitting the ...

  • 3 Money-Saving Cruise Ship Tips

    http://www.investopedia.com/articles/pf/05/061405.asp
    ... often offer special rates on various services at some point during the voyage. ... your
    email?) Finally, find out about your cruise line's tipping policy, and plan ...

  • International Shipholding Grows Its Fleet

    http://stocks.investopedia.com/stock-analysis/2011/International-Shipholding-Grows-Its-Fleet-ISH-OSG-DSX-ALEX-EGLE0111.aspx
    ... A majority comes from time charter contracts where the charterer pays voyage
    expenses such as fuel. In 2009, its time charter contracts ...

  • Full Speed Ahead For Carnival Cruise

    http://stocks.investopedia.com/stock-analysis/2010/Full-Speed-Ahead-For-Carnival-Cruise-CCL-RCL-LVS-WYNN-H-HOT-MAR1230.aspx
    ... Smoother Waters Carnival, whose CEO Micky Arison is perhaps more famously the owner
    of the NBA's Miami Heat, stated that despite the voyage interruptions and ...

  • DryShips Still Leaking

    http://stocks.investopedia.com/stock-analysis/2011/DryShips-Still-Leaking-DRYS-RIG-DSX-SB-NAT-GLNG-CMRE0902.aspx
    ... was basically flat, as positive (albeit disappointing) growth of 16% in the offshore
    drilling segment was offset by a 19% decline in net voyage revenue in the ...

  • When Your Business Needs Money: Angel Investors

    http://www.investopedia.com/articles/fundamental-analysis/08/angel-investors.asp
    ... After all, angel investors have been around since Christopher Columbus convinced
    Queen Isabella I of Spain to pay for his voyage to America. ...

  • Choppy Waters For Frontline

    http://stocks.investopedia.com/stock-analysis/2010/Choppy-Waters-For-Frontline-FRO-SFL-TNP1128.aspx
    ... prior year. However, when removing allowances for voyage expenses and
    commissions, revenues actually slipped 4% to $180 million. On ...

  • Critical Economic Issues For Elections - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Critical-Economic-Issues-For-Elections.aspx
    ... Throughout history, when the electorate has been largely overjoyed with the economy,
    it's been rare to switch out captains in the middle of the voyage. ...

  • The Baltic Dry Index: Evaluating An Economic Recovery

    http://www.investopedia.com/articles/fundamental-analysis/09/baltic-dry-index-recovery.asp
    ... The Baltic Dry Index was calculated using voyage rates along more than two dozen
    routes until July 2009. This was based on a move to boost derivative trading. ...

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