(a) List and describe four insurance policies available to a ship owner.

(b) Distinguish between indemnity and non-indemnity insurance and give two examples of each 
 

(a) State the difference between industry and commerce.

(b) Mention and explain five types of commercial occupations and three types of industrial occupations. 
 

(a) Explain five reasons why tariffs are imposed on imports.

(b) State five functions performed by the customs authority.