actual total loss meaning in Hindi

Examples

1. An actual total loss of a vessel occurs when repair is physically or legally impossible.
2. Some legal authorities do not consider it an actual total loss if repair costs are merely prohibitive, while others include cases where the cost of repair would exceed the cost of the vessel.
3. The insured can, by notice, claim for a constructive total loss with the insurer becoming entitled to the ship or cargo if it should later turn up . ( By contrast an " actual total loss " describes the physical destruction of a vessel or cargo .)