An oil tanker was liable for a collision with a fishing vessel and incurred serious damages. The

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An oil tanker was liable for a collision with a fishing vessel and incurred serious damages. The oil tanker was insured by an ocean marine hull insurance policy written with a collision liability clause. For each of the following losses, explain whether the loss is covered by the subscribed insurance policy.

a. Damage to the fishing vessel

b. Damage to the oil tanker

c. Death of a crew member on the oil tanker

d. Injury of a seafarer on the fishing vessel

e. Loss of tons of fishes carried on the fishing vessel

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Principles Of Risk Management And Insurance

ISBN: 0135180864

14th Global Edition

Authors: George E. Rejda, Michael McNamara

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