For each of the following losses, explain whether the ocean marine coverage would apply to the loss. a. Damage to the Mary Queen

With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous “Got Milk” ad slogan in favor of a new one, “Milk Life.”
January 4, 2018
Why might you be willing to make a loan to your neighbour by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?
January 4, 2018

For each of the following losses, explain whether the ocean marine coverage would apply to the loss. a. Damage to the Mary Queen

The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queen is insured by an ocean marine hull insurance policy with a running down clause. For each of the following losses, explain whether the ocean marine coverage would apply to the loss.

a. Damage to the Mary Queen

b. Damage to the freighter

c. Death or injury to the crew members on the freighter

 

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