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JAMB Commerce 2014 Question 22

Question 22

Insurance

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is

  1. A.caveat emptor.
  2. B.uberrimae fidei.
  3. C.demurrage.
  4. D.jettison.
Show the answer and explanation

Answer: D (jettison.)

Explanation

Jettison is throwing goods overboard to lighten a ship in danger.