Constructive total loss occurs when the vessel or cargo is damaged beyond repair.
举一反三
- In marine cargo insurance business, general average (). A: is a kind of partial loss B: is a total loss C: sometimes is partial loss and sometimes is total loss D: is a constructive total loss
- Which one of the following event constitutes constructive loss? ( ) A: The cost of restoration of the damaged goods exceeds the value of the goods. B: The cargo ship sunk into the sea. C: The cargo ship is hijacked by pirates. D: Sea water coming into the hold causes the hardening of cement and the whole batch of cement losses its original use.
- The rainstorm has damaged the crops. The loss has not yet been accurately, but it is believed to be well beyond a million dollars.
- （ ） is not covered by an FPA policy。 A: Total loss caused by heavy weather B: Loss caused by the carrying vessel's strand C: Loss due to theft D: Loss caused by War
- Which of the<br/>following is included in All Risks coverage? ( ) A: particular loss<br/>due to cargo thrown overboard to keep afloat B: total loss due to<br/>the destruction of war C: partial loss due<br/>to the worker’ strike on the dock D: total loss due to<br/>failure to delivery