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The risk manager for Sullivan Shipping Company is trying to determine the appropriate limit of liability for its ocean cargo policy. In order to select

The risk manager for Sullivan Shipping Company is trying to determine the appropriate limit of liability for its ocean cargo policy. In order to select an adequate limit, the risk manager should set the limit based on which one of the following?

A The maximum value per shipment

B The full value of its annual shipments

C The maximum value per conveyance

D The annual shipment receipts

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