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Business Studies

Marine Insurance

Subject matte...

Question

Subject matter of insurance include(s) _________.

A

Path of ships

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B

Goods/cargo in the ship

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C

Freight

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D

All of the above

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Solution

The correct option is D All of the above
The subject matter of marine insurance may be a ship, its cargo or its freight.
If the cargo is destroyed or the ship is lost on the way, the shipping company will lose the freight. Therefore, the shipping company takes out a policy to cover this risk. Such marine insurance is called Freight Insurance.

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