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

question 11

Multiple Choice

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

• A)hull insurance.
• B)cargo insurance.
• C)protection and indemnity insurance.
• D)freight insurance.

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Definitions:

Warranty

A promise or guarantee given to the buyer by the seller regarding the condition of the product, offering repair or replacement for defects within a certain period.

Information

Data that is processed, organized, or structured in a given context to make it meaningful and useful.

Learning Cost

The expenses associated with acquiring new skills or knowledge, including both formal education and informal learning methods.

Educational Level

The highest degree of formal education or training attained by an individual, often influencing job prospects and earnings.