Which of the following is a type of marine insurance?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a type of marine insurance?
Answer Details
Marine insurance is a type of insurance that covers losses and damages to ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and the final destination. Therefore, the answer to the question is "Freight," as it refers to the insurance of goods or cargo being transported by sea.
Read lesson note on Trade (WAEC)
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