Multiple choice

Directions: Choose the correct option for the given question.

A ship is so damaged that the cost of its repairs will exceed its value after repairs. It is a case of

  1. constructive total loss

  2. partial loss

  3. particular average

  4. actual loss

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In maritime law, a constructive total loss occurs when a vessel is damaged to such an extent that the cost of repair would exceed the value of the ship once repaired, making restoration economically unviable.