(insurance) Insurance coverage of risks to a shipment of goods from the time the goods leave the warehouse for commencement of transit and continue during ordinary course of transit until delivered to final warehouse at destination, or until the expiration of 15 days (30 if destination is outside the limits of the port), whichever shall first occur. In the case of delay in excess of the time limit specified, if it arises from circumstances beyond his control, the assured is “held covered” if he gives prompt notice and pays additional premium. See Marine Extension Clause 1943 & 1952; currency (term) of insurance.

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