IC60 MARINE CARGO INSURANCE UNDERWRITING - 12
| Q1.In marine insurance, if either of the party does not follow utmost good faith |
| a) the contract is void. |
| b) The contract is valid |
| c) The contract becomes voidable |
| d) None of the above |
| Q2.In the case of liquid cargo, the term ullage refers to |
| a) Quantity that cannot be discharged |
| b) Quantity that was destroyed |
| c) Quantity that disappeared |
| d) Nonstandard packing |
| Q3.Which of the following extraneous risks can be added under ICC(B) clauses on payment of extra premium? |
| a) Heating |
| b) Sweating |
| c) Breakage |
| d) All the above |
| Q4.Sentimental damage is covered under. |
| a) ICC (C) |
| b) ICC (B) |
| c) ICC (A) |
| d) None of the above |
| Q5.Which of the following are relatively small flat-bottomed vessels, generally used in port waters to carry cargo and passengers? |
| a) Dredgers |
| b) Barges |
| c) Lunches |
| d) Boats |
| Q6.Which of the following is an agreed value policy |
| a) Marine Cargo |
| b) Increased value |
| c) Freight insurance |
| d) Custom duty |
| Q7.Notwithstanding ing anything to the contrary in the clauses attached, this insurance from the time the subject-matter insured is registered at the Post Office at the place named in the policy and until the expiry of _____ counting from the midnight of the day which the notice of the arrival of the subject-matter insured was given to the addressee by the Post Office at the destination, whichever shall first occur. |
| a) 7 days |
| b) 15 days |
| c) 30 days |
| d) 45 days |
| Q8.Cover note was issued by |
| a) Insurer |
| b) Authorised representative |
| c) Either a or b |
| d) None of the above |
| Q9.___ is the sum amount that will get deducted from the claim amount. |
| a) Franchise |
| b) Deductible |
| c) Insurance cover |
| d) None of these |
| Q10.Expand the term MARPOL. |
| a) Marine Pollution |
| b) Maritime policing |
| c) Maritime piracy Organisation Limited |
| d) Marine Production Organisation Limited |