Question 2891Deck General70% to pass
While underway, part of your cargo is damaged by fire. In marine insurance terms this partial loss is called _______________.
AI Explanation
The correct answer is C) particular average.
A particular average is a partial loss or damage to the ship or cargo, as opposed to a total loss. In the scenario provided, where part of the cargo is damaged by fire while the ship is underway, this would be considered a particular average, as it is a partial loss to the cargo rather than a complete loss of the entire cargo or the vessel itself.
The other options are incorrect because: A) constructive total loss refers to a situation where the cost of repairing the vessel exceeds its value, B) absolute total loss refers to a complete and irrecoverable loss of the vessel or cargo, and D) general average refers to a loss that is shared among all parties with an interest in the voyage, which is not the case in this scenario.
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