Cap. 13 Art. 365When and for what period insurance can be made.

(1) An insurance may be made on the whole or on a part of the above-mentioned things, jointly or separately.

(2) It may be made in time of peace or in time of war, before or during the voyage of the vessel.

(3) It may be for a voyage "out and home", or only for one of the two; for a whole voyage or for a definite period; for a determinate voyage and for a definite period jointly; for all the voyages and passages by sea, through rivers or navigable channels.