ABSTRACT
When an assured effects a marine policy on goods at and from the port of loading to the port of destination, he probably has in mind that the only risk he is insured for is the risk against physical losses. But, in fact, his policy is much wider, for it extends to an indemnity to be paid in case the goods do not reach their destination. This additional coverage is commonly referred to as ‘an insurance of the venture, or an insurance of the voyage, or an insurance of the market, as distinguished from an insurance of the goods simply and solely’.16 However described, it stems from the doctrine of the loss of voyage.
