Que. 1 : Q1) The term ________ includes the profit derivable by a ship-owner from the employment of his ship to carry his own goods or movable as well as freight payable by a third party, but does not include passage money. 1. a) Indemnity 2. b) Freight 3. c) Subrogation 4. d) Contribution Que. 2 : Q2) Vessels under construction…