Which is NOT a feature of the open cargo policy?

An open cargo policy is designed to provide continuous coverage for goods transported by sea or air, with certain features that distinguish it from other types of cargo insurance. The correct answer indicates a statement that does not align with the characteristics of an open cargo policy.

The essential feature of an open cargo policy is its broad and ongoing coverage, which remains in effect until canceled, thus allowing for coverage over multiple shipments without requiring individual policies for each trip. The policy covers goods in transit and extends protection against various risks as specified in the agreement between the insured and the insurer.

The idea that it "covers cargo during specified trips" is not a feature of the open cargo policy but rather a characteristic of a more traditional or specific cargo policy, which would only cover goods for defined journeys. Open cargo policies are more flexible, covering all shipments during the policy period as long as they fall within the agreed terms, making them more convenient for businesses that transport goods regularly.