If the subject matter of insurance is the ship. the marine insurance is called:
In marine insurance, when the subject matter insured is the physical vessel itself—including the ship's body, machinery, tackle, and equipment—against perils of the sea, the…
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If the subject matter of insurance is the ship. the marine insurance is called:
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Correct answer B
In marine insurance, when the subject matter insured is the physical vessel itself—including the ship's body, machinery, tackle, and equipment—against perils of the sea, the policy is termed Hull Insurance. By contrast, Cargo Insurance covers goods in transit, and Freight Insurance covers the shipping company's freight revenue.
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UGC NET Commerce