freight policy
1.Subject to any express provision in the policy, where there is a partial loss of freight, the measure of indemnity is such proportion of the sum fixed by the policy, in the case of a valued policy or of the insurable value, in the case of an unvalued policy, as the proportion of freight lost by the assured bears to the whole freight at the risk of the assured under the policy.
2.The open-door policy and economic reforms in the Mainland have not only provided an enormous production hinterland and market outlet for local manufacturers, but have also generated massive business opportunities for development of a wide range of service activities in Hong Kong. These service activities specifically include freight transport, telecommunications, banking, real estate development, and professional services such as legal, accounting and insurance services.
