IC66 MARINE INSURANCE CLAIMS - 06
| Q1.If there is any doubt as to the meaning and effect of the words used or if there is any ambiguity in the policy, the benefit of the doubt is given to : |
| a) The aggrieved party |
| b) The insured |
| c) The insurer |
| d) All of the above |
| Q2.Which one of the following documents is not a contract of affreightment |
| a) Lorry receipt |
| b) Short l and ing certificate |
| c) Goods consignment note |
| d) Airway bill |
| Q3. An _____ is issued, usually for a period of twelve months based on the estimated turnover of the insured comprising of numerous shipments or exhaustion of the estimated sum insured, whichever is earlier. |
| a) Open policy |
| b) Specific policy |
| c) Multi-Transit policy |
| d) Closed policy |
| Q4.What is not true for a Marine Open Cover |
| a) Open cover is proof of an insurance cover |
| b) Open cover gives the term of cover during the policy period |
| c) Open cover is a stamped document |
| d) All 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 can be considered as a commercial total loss, implying that the subject matter is not destroyed or not totally lost, physically present but total loss had occurred in commercial terms? |
| a) Actual Total Loss |
| b) Constructive Total Loss |
| c) Partial Loss |
| d) None of these |
| Q7.What is not a Marine Insurance Clause? |
| a) Inchmaree Clause |
| b) Sue and Labour Clause |
| c) Continuation Clause |
| d) Cross Liability Clause |
| Q8.A Shipowner earns passage money and freight by employing his ship |
| a) only freight is covered |
| b) none are covered. |
| c) both are covered |
| d) only passage money collected is covered |
| Q9.Which of the following is not considered as Collision? |
| a) Damage caused to the nets of a fishing vessel |
| b) Damage caused by one vessel and crowding another on the bank when passing in a narrow estuary |
| c) Both of the above |
| d) Only II above |
| Q10.Insurers engage the services of ___ who work on the principle of 'No cure, no pay basis as far as recoveries from trucking companies are concerned. |
| a) Average Adjustors |
| b) Maritime lawyer |
| c) Tracers |
| d) Recovery agents |