Commerce WAEC

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?

A. 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
B. Aviation Insurance
C. Marine Insurance
D. Life Assurance

Correct Answer: Option C

C. Marine Insurance

Explanation

Marine Insurance covers losses or liabilities relating to ship and their cargoes or liabilities relating to shipping and against the dangers or perils of the sea.

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