Inter-Ocean Transfer owns 12 large cargo ships which transport goods.Inter-Ocean Transfer can obtain physical damage insurance on these vessels by purchasing

Question

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Hull insurance is the coverage obtained for physical loss or damage to the vessel itself. This type of insurance would provide protection for Inter-Ocean Transfer's cargo ships against damage caused by perils such as collision, fire, and weather-related issues. Cargo insurance is coverage obtained for goods being transported on the ships, and protection and indemnity insurance provides liability coverage for risks such as pollution and third-party injuries. Freight insurance is coverage obtained for the value of the cargo being transported, and is typically purchased by the shipper or consignee, not the owner of the vessel.

Inter-Ocean Transfer Owns 12 Large Cargo Ships Which Transport Goods