Section 27
Voyage and time policies.
The Marine Insurance Act, 1963
About this Act
An Act to codify the law relating to marine insurance.
(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.
(2) A time policy which is made for any time exceeding twelve months is invalid.