(a) A Cargo consisting of 10000 bags was insured for TK. 800000. But 28000 bags of...

 

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(a) A Cargo consisting of 10000 bags was insured for TK. 800000. But 28000 bags of cargo were damaged and would realize TK. 30.00 bag. The following expenses were also incurred by the insured: Sales commission-2% Survey fee-TK. 1000.00 You are required to: i. Prepare a particular average or partial loss statement assuming that goods would have realized TK. 79.00 per bag in their undamaged condition and the policy is valued. 02 ii. Prepare a particular average or partial loss statement assuming that goods would have realized TK. 67.00 per bag in their undamaged condition and the policy is unvalued.. (a) A Cargo consisting of 10000 bags was insured for TK. 800000. But 28000 bags of cargo were damaged and would realize TK. 30.00 bag. The following expenses were also incurred by the insured: Sales commission-2% Survey fee-TK. 1000.00 You are required to: i. Prepare a particular average or partial loss statement assuming that goods would have realized TK. 79.00 per bag in their undamaged condition and the policy is valued. 02 ii. Prepare a particular average or partial loss statement assuming that goods would have realized TK. 67.00 per bag in their undamaged condition and the policy is unvalued..

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a b Data Insured of 10000 Insured of 28000 MV of 28000 Sal... View the full answer