Formerly used in Britain the term open document (Open policy) , An expression of the document that can not be determined by which the value of the goods insured by the insurance company, which left for later identification by offers of adoption by the insured. But he was later replaced by these other label name known in Britain as the floating document (Floating Policy) (1).
And has dealt Marine Insurance Act of 1906, the document floating in AD (29): It is known article (29 / I) of the Act document floating as "1 - a document describing the terms of insurance in general and leave name of the ship tanker and other details to appoint his statement later" (2).
It seems that the intended conditions of insurance agreed upon by the party of the insurance contract the insured and the insurer, is the amount, duration and insurance premiums paid by the insured for the insured and determined according to the amount of goods that had to later. We find floating under document that are not taken to specify the name of the ship and the amount of goods and other information that are mentioned by statements provided by his interest in the insurance of the goods.
Through the text of the article (29 / I), of the Insurance Law of England understands that the article had included two types of of floating document (Closed / Open).
This reflects the accuracy of the wording in the style of English law through the floating definition of the document.
(1) Huch A. Muuins: Marine insurance Digest, Cornell Maritime Press, Cambridge, Maryland, 1959, P.176.
(2) (1/29) "A floating Policy is a policy which describes The insurance in general terms, and Leaves the name of ship or ships and other particular to be fined by subsequent declaration".
التسميات
Insurance nautical