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Premiums in an Open Ocean Cargo Policy

Question 38

Multiple Choice

Premiums in an open ocean cargo policy


A) are based upon the value of shipments made under the policy.
B) are based on the number of pro forma invoices that a company has outstanding.
C) mean the shipper can make one shipment under the insurance policy.
D) All of the above
E) None of the above

Correct Answer:

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