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A businessman who undertakes the hull insurance policy is aiming at?

A businessman who undertakes the hull insurance policy is aiming at?

  • A.
    concerting losses on damages to the cargo
  • B.
    protecting injured crew in the ship
  • C.
    averting payment of the freight
  • D.
    covering damages to the body of the ship
Correct Answer: Option D
Explanation

Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the ‘Hull’ refers to the main body of the ship.