__________ means the body or frame of the ship or vessel and its machinery.

Related MCQs

• ________ means goods or commodities carried in a ship
• _______ means the act of throwing a part of the cargo over board lighten the ship in emergencies
• Which type of insurance protects the policyholder against loss or damage to a ship or its cargo on the high seas?
• ___________ Policy is issued to cover the risks involved when the ship is anchored in the post.
• The time frame for which an insurance policy provides coverage is known as ________
• ________ means closure or writing off the policy before its actual maturity
• Suppose a project has many hazards that could easily injure one or more persons and there is no method of avoiding the potential for damages. The project manager should consider __________ as a means of deflecting the risk.
• ________ means to make good the actual loss and nothing more than the actual loss.
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.