Are you having trouble answering the question “Ocean Marine Freight insurance:”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
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.
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