IC67 MARINE INSURANCE EXAM - 18
| Q1.Cargo that is normally not packed and carried either full load in a vessel or even containerized without any packing is called __ |
| a) Bulk cargo |
| b) Container transport |
| c) Lift van |
| d) Unitising the packages |
| Q2.Which of the following risk is automatically covered under institute cargo clauses (A) without extra premium? |
| a) Inherent vice |
| b) Country damage |
| c) War and kindred risk |
| d) Strikes, riots, and civil commotion |
| Q3.Which of the following peril does not appear under ICC C |
| a) Earthquake, Volcanic eruption, or lightning |
| b) Fire or explosion |
| c) Overturning or derailment of land conveyance |
| d) Discharge of cargo at a port of distress |
| Q4.Which of the following statements is true? (1) General average sacrifice is covered under ICC(C) (2) Jettison is covered under ICC ( C ) |
| a) Statement 1 is True |
| b) Statement 2 is True |
| c) Both are true |
| d) Both are false |
| Q5.The marine policies can be transferred by assignment unless expressly it is prohibited |
| a) they may be assigned either before or after the loss |
| b) they may be assigned only before the loss |
| c) they cannot be assigned at all |
| d) none of the above |
| Q6.Annual policies are issued for covering the goods |
| a) Inter depot transfer |
| b) Freight Insurance |
| c) exports |
| d) All the above |
| Q7.Which of the following risk can be added to ICC (b) clauses on payment of extra premium? |
| a) Theft |
| b) Pilferage |
| c) Non-delivery |
| d) All of the above |
| Q8.Which of the following risks excluded under ICC clauses can be covered on payment of extra premium? |
| a) Loss by delay |
| b) Loss from the insolvency of owners of the vessel |
| c) Loss due to inadequate packing |
| d) War and kindred perils |
| Q9.A custom duty policy was issued for SI of Rs 20 lacs. Actual custom duty paid at the destination was Rs.16 lacs. There is a total loss claim. The claim payable under CD Policy will be |
| a) Rs. 20 lacs |
| b) Rs 16 lacs |
| c) Rs 4 lacs |
| d) None of the above |
| Q10.Which of the following does not form part of a marine adventure |
| a) Ship |
| b) Freight |
| c) Shipowners liability to cargo owner |
| d) None of the above |