Question

Fraud or other criminal acts committed by the ship's master or crew that result in a loss to the ship or cargo is called?

1) Piracy
2) Embezzlement
3) Sabotage
4) Hijacking

Answer 1

The correct term for fraud or other criminal acts by a ship's master or crew resulting in a loss to the ship or cargo is embezzlement.

Step-by-step explanation:

Fraud or other criminal acts committed by the ship's master or crew that lead to a loss concerning the ship or cargo are typically termed: Embezzlement

Embezzlement refers to the act of dishonestly appropriating or diverting funds or assets entrusted to one's care. When ship's personnel, such as the captain or crew, engage in fraudulent activities that result in a financial loss to the ship or its cargo, it often falls under the category of embezzlement. This can involve misappropriating goods, funds, or resources for personal gain, causing a loss to the shipowner, cargo owners, or stakeholders involved in the maritime transportation process.