The premiums charged by marine insurance companies on an international transaction depend on all of the following except
A) the age of the ship.
B) whether the goods are stowed on deck or under deck.
C) the volume of business.
D) the nationality of the shipper.
E) how the good are packed.

Question

Quizplus · Accepted Answer

Premiums depend on a number of factors, such as the goods insured, the destination, the age of the ship, whether the goods are stowed on deck or under deck, the volume of business, how the goods are packed, and the number of claims the shipper has filed.

The Premiums Charged by Marine Insurance Companies on an International