A "Sue and Labor" Clause

question 47

Multiple Choice

A "Sue and Labor" clause

• A) directs the shipper to act in the best interest of the insurance company when a loss occurs.
• B) is the same as an Inchmaree clause.
• C) specifies that the insurer will reimburse the shipper for goods that have been abandoned after a stranding or a sinking, as long as the costs of recovering the goods and making them marketable is greater than their value.
• D) All of the above
• E) None of the above

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Definitions:

Trip Report

A detailed account or narrative of the experiences and findings from a business or research trip.

Incident Report

A formal documentation of the facts related to an unexpected event or accident that happened at the workplace or elsewhere.

Insoluble Problem

A problem that cannot be solved or resolved, often due to inherent contradictions or complexities.

Negative

A term or condition denoting the absence, lack, or denial of a particular quality, action, or attribute.