Janice Beadles Owns a Large Cargo Vessel That Is Used

question 36

Essay

Janice Beadles owns a large cargo vessel that is used primarily for international trade transactions. Janice is quite concerned about her possible liability and financial losses, as she has become aware of more and more collisions between ships at sea. What can you tell her about the different types of insurance that she could obtain that could assist her in the event of an accident?

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Definitions:

Standing-Water Ecosystem

A lake or pond ecosystem.

Lake

A large body of water surrounded by land, not directly connected to the sea, which can be freshwater or saltwater.

Pond

A small body of still water, typically smaller than a lake, formed naturally or by artificial means.

Shallow-Water

Areas of water that are not deep, often found near the shores of bodies of water, where sunlight can penetrate to the bottom, supporting various aquatic life.