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 |