JAMB - Commerce (2010 - No. 22)
A businessman who undertakes the hull insurance policy is aiming at?
concerting losses on damages to the cargo
protecting injured crew in the ship
averting payment of the freight
covering damages to the body of the ship
Shpjegimi
Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the 'Hull' refers to the main body of the ship.