Amim 121 Study guides, Class notes & Summaries
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AMIM 121 Questions And Answers Rated A+
- Exam (elaborations) • 26 pages • 2024
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Ocean Marine Insurance - Answer-principally associated with vessels and their cargoes; also includes 
international air shipments as well as transportation by land or air that connects with an ocean shipment 
or international air shipment. 
Cargo Insurance - Answer-Insurance that covers loss of or damage to property shipped primarily by 
water or, if in foreign trade, by air. 
Hull Insurance - Answer-Insurance that covers partial or total loss of vessels caused by a covered peril; 
may also cove...
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AMIM 121 Exam | 263 Questions With 100% Correct Answers.
- Exam (elaborations) • 27 pages • 2023
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Ocean Marine Insurance - principally associated with vessels and their cargoes; also includes 
international air shipments as well as transportation by land or air that connects with an ocean 
shipment or international air shipment. 
Cargo Insurance - Insurance that covers loss of or damage to property shipped primarily by water 
or, if in foreign trade, by air. 
Hull Insurance - Insurance that covers partial or total loss of vessels caused by a covered peril; 
may also cover the insureds liabil...
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AMIM 121 Exam Questions & Answers Already Passed!!
- Exam (elaborations) • 4 pages • 2024
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charterers liability policy - Answer-an insurance policy that covers a voyage or time charterer's liabilities 
arising out of the charter party 
Builders Risk - Answer-cover during vessel construction 
ship repairers liability policy - Answer-bailee coverage 
marina operators legal liability - Answer-coverage for damage done to a vessel while in the custody of a 
marina 
boat dealers - Answer-inventory coverage 
legal contract - Answer-consists of the insured, assured, and the insurer, the unde...
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AMIM 121 Chapter 13 Questions And Answers With Verified Solutions
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American Institute Builders Risks Clauses (AIBRC) - Answer-An insurance form used in the American 
market to insure vessels under construction; includes hull, collision liability, and P&I coverage 
American Institute Ship Repairers Liability Clause - Answer-An insurance form for covering a ship 
repairer's liability for customers vessels in the ship repairer's care, custody, or control; also provides 
limited coverage for damage to property of other resulting from operation of a vessel in the ...
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AMIM EXAM PACKAGE DEAL!!
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