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Q2. (a) A ship owner is exposed to many liabilities during the operation of the ship. Identify five such liabilities and explain how these are insured. Explain liability and the limitation of liability. Specify when the benefit of limiting the liability may not be available.

(b) Multimodal transportation involves the transfer of a container by different modes of transportation. Many entities involved in this transportation can be exposed to liabilities for loss/damage to the container. Identify these entities and discuss how such liabilities are insured.