All the following statements are true concerning a general average loss under an ocean marine contract except:
A) property is jettisoned voluntarily
B) property is thrown overboard to try to save life and minimize loss of property
C) anyone having a direct property interest in the voyage contributes toward the loss
D) the ship owner does not have to contribute toward any loss since only cargo is destroyed
Correct Answer:
Verified
Q1: All of the following are true concerning
Q2: Which of the following is not an
Q3: Which of the following factors would not
Q4: Indirect loss coverage (business income insurance) will
Q6: Which of the following statements about schedule
Q7: Identify the exposure that is not shared
Q8: Which of the following is not a
Q9: Which of the following factors would not
Q10: Which of the following is not a
Q11: Ocean marine insurance typically covers all the
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