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A businessman who undertakes the hull insurance policy is aiming at?

Commerce
JAMB 2010

A businessman who undertakes the hull insurance policy is aiming at?

  • A. concerting losses on damages to the cargo
  • B. protecting injured crew in the ship
  • C. averting payment of the freight
  • D. covering damages to the body of the ship
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Correct Answer: Option D
Explanation

Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the 'Hull' refers to the main body of the ship.

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