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WAEC Commerce 1997 Question 47

Question 47

Insurance

Which of the following covers damages to the body of a ship and its machinery?

  1. A.Freight insurance
  2. B.Cargo insurance
  3. C.General average policy
  4. D.Voyage policy
  5. E.Hull insurance
Show the answer and explanation

Answer: E (Hull insurance)

Explanation

Hull insurance covers the ship itself and its machinery.