Geographical Scope
Definition of Geographical Scope
The geographical scope in freight shipping refers to the specific locations, regions, or areas covered under a shipping or cargo insurance policy.
It defines the boundaries within which certain terms, conditions, and coverage are applicable. For instance, in cargo insurance, the geographical scope might specify whether the coverage applies globally, regionally, or within particular trade lanes.
Policies with a geographical scope would protect cargo transported around the globe. Those with a regional scope, however, might only cover cargo shipped within certain countries or regions.
Some policies may even be restricted to specific routes or countries.
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