ayat

……………………is insurance against the perils of marine commerce..

• Marine insurance

• Motor insurance

• Life insurance

• Liability insurance

Freight insurance indemnifies the ship owner for the loss of earnings if the goods are damaged or lost and are not delivered.

• True

• False

If the insured is irretrievably deprived of the subject matter since the subject matter is actually destroyed or damaged, this is considered as:

• An actual total loss

• A Constructive total loss

Cargo insurance provides protection for:

• The shipper if the goods are damaged or lost

• Legal liability from a ship collision

• The loss of earnings if goods are not delivered

One of the main Marine Insurance features that state that If goods are damaged or loss occurs during transit because of deliberate act of an owner then that damage or loss will not be covered under the policy.

• Offer & Acceptance

• Deliberate Act

Marine Insurance is the newest Insurance in the World.

• True

• False

Ocean marine insurance provides protection for goods transported over air.

• True

• Fals