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WAEC Commerce 2011 Question 20

Question 20

Insurance

In marine insurance when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is

  1. A.particular average loss.
  2. B.general average loss.
  3. C.total average loss.
  4. D.constructive average loss.
Show the answer and explanation

Answer: B (general average loss.)

Explanation

Cargo sacrificed to save the ship is a general average loss, shared by all parties to the voyage.