Ocean Marine Freight insurance:


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Ocean Marine Freight insurance:

a. protects the owner of the cargo from loss due to destruction.

b. indemnifies a ship owner from loss of income that would have been earned had the ship completed its voyage.

c. protects the ship owner against damage to the ship itself and is written on a modified all-risk/open-peril basis.

d. is payable on an ACV basis in the event of a total loss.

Answer: B

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