Question 3071 Deck General

The correct answer is D) actual total loss. When a ballasted vessel sinks enroute to a dry dock, the vessel has suffered an actual total loss. This means the vessel has been completely destroyed or damaged to the extent that it can no longer be used for its intended purpose. Under these circumstances, the vessel's owner can claim an actual total loss, which allows them to recover the full insured value of the vessel from their insurance policy. The other answer choices are incorrect because: A) constructive total loss applies when the cost of repairs exceeds the value of the vessel, B) general average involves the purposeful sacrifice of cargo to save the vessel, and C) particular average refers to partial damage or loss to the vessel or cargo.