Marine Insurance Act : Voyage and time policies. Indian Bare Acts :

Marine Insurance Act,1963

Act No : 11

Section : Voyage and time policies.

27. Voyage and time policies. (1) Where the contract is to insure the subject-matter at and from, or from one place to another or others, the policy is called a "voyage policy", and where the contract is to insure the subject-matter for a definite period of time, the policy is called a "time policy". A contract for both voyage and time may be included in the same policy. (2) A time policy which is made for any time exceeding twelve months is invalid.