Exports (non-filed). Inland marine policies may cover property
for export when the property is not subject to export risk covered
under marine (ocean) policies.
(1) Export property may be covered without restriction
as to time or location of the property, provided coverage includes
transportation hazards.
(2) The property becomes export property when it is
so designated or while it is being prepared for export. Export property
retains its character unless diverted for domestic trade. When the
property is diverted for domestic trade, §5.5004 of this title
(relating to Inland Marine Insurance -- Domestic Shipments) applies.
(3) Paragraphs (1) and (2) of this section do not apply
to methods of insuring commodities such as cotton that were established
before September 28, 1984.
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