Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that a batch of cargos suffered the following risks, losses and expenses during the voyage: (1)During loading at the port of shipment, a whole

Suppose that a batch of cargos suffered the following risks, losses and expenses during the voyage: (1)During loading at the port of shipment, a whole piece of cargo fell on the shore, and caused serious loss of these goods. (2)Part of the goods in the cabin A were damaged due to tsunami. (3)The captain decided to jettison a container on deck into sea, to avoid ship capsizing; (4)On the way to the port of refuge, part of the goods in the cabin B and ship's main engine were damaged due to fire. (5) Loss of cargo resulting from unloading and warehouse expenses paid at the refuge port. (6)After the refuge, the ship continue to sail, and soon encountered heavy weather, caused the loss of part of the goods in cabin C. (7) On arrival at the port of destination, part of the goods was found stolen.

1: The above losses or expenses respectively are what type of loss caused by what type of risk?

2: If insuring FPA, which of these losses or expenses can be compensated by insurer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

2nd Edition

013243766X, 9780132437660

More Books

Students also viewed these General Management questions

Question

how does text to image gen ai create artwork

Answered: 1 week ago