JAMB - Commerce (2019 - No. 15)
The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________
The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
Aviation Insurance
Marine Insurance
Life Assurance
Explication
Marine Insurance covers losses or liabilities relating to ship and their cargnes or liabilities relating to ship and against the dangers or perils of the sea.