Question 2945 Deck General

The correct answer is B) constructive total loss. A constructive total loss occurs when the cost of repairing a damaged vessel exceeds the value of the vessel after repairs. In this scenario, the survey shows the cost of repairs will exceed the value of the repaired vessel, which meets the definition of a constructive total loss. The other options are incorrect: A) Actual loss refers to the complete physical destruction of a vessel, which is not the case here. C) Preferred loss and D) Salvage loss are not relevant to this situation.