IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS - 01
| Q1.Single Buoy Mooring is also known as ___. |
| a) Single Point Mooring |
| b) Single Price Mooring |
| c) Single Period Mooring |
| d) Single Paid Mooring |
| Q2.There are Thirteen Protection and Indemnity Clubs are there which collectively ensure ____ of the world fleet. |
| a) 75% |
| b) 80% |
| c) 90% |
| d) 95% |
| Q3._____ of the Marine Insurance Act, 1967 states that an insurer under a contract of marine insurance has an insurable interest in his risk and may reinsure in respect of it. |
| a) Section 7 |
| b) Section 8 |
| c) Section 9 |
| d) Section 10 |
| Q4.Which is a type of pleasure craft used by wealthy owners for their private pleasure purpose and these crafts are capable of developing high speeds, usually more than 15 knots? |
| a) Barges |
| b) Tugs |
| c) Yacht |
| d) Fishing boat |
| Q5.A Ship Repairers Liability Insurance (SRL) protect the ship repairer: |
| a) Against legal liability arising out of contracts |
| b) Arising out of negligent act or omission |
| c) Whilst carrying out repairs/refurbishment to vessels |
| d) All of the above |
| Q6.In the case of _____, the value fixed by the policy represents the agreed insured value of the freight insured. |
| a) Valued policies |
| b) Unvalued policies |
| Q7.__ of the Marine Insurance Act, 1963 states that expenses incurred by or on behalf of the assured for the safety or preservation of the subject-matter insured, other than GA and Salvage Charges, are called particular charges. |
| a) Section 64 (1) |
| b) Section 64 (2) |
| c) Section 64 (3) |
| d) Section 64 (4) |
| Q8. The Other than Total Loss element of the risk is mainly determined by the size of the ship. It is fixed as a certain amount, say __ multiplied by the DWT of the Vessel, or the GT or the BHP depending upon the type of Vessel. |
| a) Rs.25/- |
| b) Rs.50/- |
| c) Rs.100/- |
| d) Rs.150/- |
| Q9.Proof of shipment is evidenced by |
| a) Bill of Lading |
| b) Bill of Exchange |
| c) Bill of Treasury |
| d) None of the above |
| Q10.The buoy Body usually is supported on static legs attached to the seabed, with a rotating part above water level connected to the loading tanker, and the two sections are linked by a roller bearing, referred to as the _____. |
| a) Regular bearing |
| b) Repair bearing |
| c) the Main bearing |
| d) None of these |