Which Commercial Inland Marine policy covers shipments on a single-trip basis?

• A. Motor Truck Cargo
• B. Trip Transit
• C. Trailer Interchange
• D. Annual Transit

Answer: (B)

In Commercial Inland Marine, shipments can be insured under forms that either cover a single trip or cover multiple trips within a policy period. The form designed for a single voyage is Trip Transit, which provides coverage for the goods while they are in transit from origin to destination on that one trip. Once the shipment reaches its destination or the trip ends, the coverage under that policy typically ends, making it ideal for one-off or infrequent shipments.

Annual Transit, by contrast, covers multiple shipments during the whole policy year, which is better for businesses that move goods more regularly. Motor Truck Cargo focuses on the cargo while in transit by truck, but the defining feature here isn’t the single-trip coverage. Trailer Interchange covers damage to trailers used under interchange agreements, not the transit coverage structure itself.