Indicate the type of insurance losses described by the following circumstances. (a) Matter insured is not completely destroyed but cost of salvage is more than the...

      

Indicate the type of insurance losses described by the following circumstances.
(a) Matter insured is not completely destroyed but cost of salvage is more than the wreckage.
(b) Loss occurring by deliberate action of the ship master to save the screw.
(c) Loss occurring on a ship accidentally.
(d) Loss occurring and the matter insured is completely lost.

  

Answers

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(a) Constructive total loss.
(b) General average loss.
(c) Particular average loss.
(d) Actual total loss.

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sharon kalunda answered the question on September 4, 2019 at 08:57

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