This is an Annual Cargo Insurance Contract expressed in general terms and effected for a round sum sufficient to cover a number of dispatches until the sum insured is exhausted by declarations. The Open Policy saves the assured the inconvenience of affecting individually the insurance of goods dispatched within the country. The policy may cover incoming and outgoing consignments to and fro in India. The sum insured under the policy should ordinarily represent the assured estimated annual turnover of the goods.