IC60 MARINE CARGO INSURANCE UNDERWRITING - 08
| Q1.To whom marine policy cannot be issued |
| a) Purchaser of goods |
| b) Seller of the goods |
| c) Transporter of goods |
| d) Bankers having a financial interest |
| Q2.Shut out Cargo means a cargo that is |
| a) Not loaded onto the ship due to late arrival |
| b) Thrown out of the ship |
| c) Shut in the bonded warehouse |
| d) Rejected by the buyer |
| Q3.Which of the following are general exclusions under ICC-A, B, and C Clauses? |
| a) Loss, damage, or expense attributable to willful misconduct of the Assured |
| b) Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured |
| c) Loss, damage or expense proximately caused by delay even though the delay is caused by a risk insured against |
| d) All of the above |
| Q4.___ is a cause that triggers a chain of events that resulted in a loss or damage to the subject matter or any other monetary loss to assured like loss or freight; salvage or general average contribution, liabilities to third parties or sure and labor charges. |
| a) Goods cause |
| b) Proximate cause |
| c) Unvalued cause |
| d) None of these |
| Q5.PPI in marine cargo policy means |
| a) Pre and; Post Inspections |
| b) Policy Proof of Interest |
| c) Post parcel Identification |
| d) None of the above |
| Q6.For Inland Transit, the Duration Clause limits the coverage to |
| a) 7 days of the arrival of consignment at destination town |
| b) 7 days of the arrival of the consignment to the warehouse of consignee |
| c) 60 days of the arrival of consignment at destination town |
| d) 60 days of the arrival of the consignment to the warehouse of the consignee |
| Q7.The following charges are recoverable only in case of success of the efforts; |
| a) Sue and; Labour charges |
| b) Salvage charges |
| c) Particular charges |
| d) None of the above |
| Q8.Till the vessel is built and delivered, the interest in the subject matter is that of the_____. |
| a) Ship Owner |
| b) Ship Builder |
| c) Yard where the ship is being built and the shipowner jointly |
| d) Shipowner and shipbuilder jointly |
| Q9.Which is issued in the name of a customer, where the items being shipped are already paid for? |
| a) To order Bill of Lading |
| b) Ocean Bill of Lading |
| c) Multimodal Bills of Lading |
| d) Straight Bill of Lading |
| Q10.Fruit juices, alcohol, edible oils, and certain additives are carried in which containers? |
| a) Tank Containers |
| b) Flat Rack Containers |
| c) Ventilated Containers |
| d) Refrigerated Containers |