passwella.
Menu

JAMB Commerce 2003 Question 16

Question 16

Insurance

The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessels is

  1. A.hull insurance
  2. B.time insurance
  3. C.freight insurance
  4. D.cargo insurance
Show the answer and explanation

Answer: A (hull insurance)

Explanation

Hull insurance covers the ship itself and damage the ship causes to other vessels.