Commerce JAMB

The two main categories under which marine losses fall into are?

A. Total loss and partial loss
B. Voyage policy loss and time policy loss
C. Particular loss and average loss
D. Actual loss and general loss

Correct Answer:

Option A – Total loss and partial loss

Explanation

The two main types of marine loss are total and partial loss

2 Types of Marine Losses are Total Loss and Partial Loss

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