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WAEC Commerce 1992 Question 78

Question 78

Insurance

Voyage policy is issued when goods are insured

  1. A.between one port and another
  2. B.according to the weight
  3. C.according to the value of the goods
  4. D.according to the risk involved
  5. E.for a specific time.
Show the answer and explanation

Answer: A (between one port and another)

Explanation

A voyage policy covers a ship or cargo for one journey from one port to another; a time policy covers a period.