IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS - 06
| Q1.In Marine Open cover which of the following is incorrect. |
| a) It Provides automatic and continuous insurance protection to exporter/ importer. |
| b) It is an unstamped document. |
| c) Under open cover premium is payable on each declaration |
| d) Total sum insured is mentioned at the time of acceptance. |
| Q2.Partial loss freight arises when there is non-delivery of part of the goods or if there is partial loss or damage to cargo, freight on which is payable_____. |
| a) Prepaid |
| b) On hire |
| c) In advance |
| d) On delivery |
| Q3.The Policy deductible applies to which of the following partial losses? |
| a) Particular average |
| b) Sue and Labor charges |
| c) Salvage awards |
| d) All of the above |
| Q4.Which one of the following differentiates the salvage charge from the sue and labor charge |
| a) Food expenses for crew members |
| b) Incurred independent of any contract |
| c) Incurred short of a destination to complete the voyage |
| d) Expenses for extra fodder for animals on board |
| Q5.Charters' liabilities are the___and liabilities of the charterer of a ship. |
| a) Marine and Hull |
| b) Ship and Voyage |
| c) Contractual and legal |
| d) Professional and Indemnity |
| Q6. which means the capacity in tons of the cargo required to load a ship to her load-line level? |
| a) Gross Tonnage |
| b) Deadweight Tonnage |
| c) Net Tonnage |
| d) None of these |
| Q 7. Which one is having a facility for shipping lorries, trailers cars without the need for cranes, and trailers which travel direct from the shipper's premises in the country of origin? |
| a) Lighter Abroad Ship |
| b) Roll on - Roll off Vessels |
| c) Combination Carrier |
| d) Sundry Hulls - Coastal Vessels |
| Q8.Which branch of insurance is codified by way of an Act in India |
| a) Marine Hull |
| b) Marine Cargo |
| c) Both (a) and (b) |
| d) None of (a) and (b) |
| Q9.If clauses are printed in the margin of the policy and such clauses are in conflict with the clauses in the body of the policy : |
| a) The 'contra proferentem' rule will be followed |
| b) the clauses in the margin will prevail |
| c) The one that is beneficial to the aggrieved party should be accepted |
| d) The clauses in the main body will prevail |
| Q10.Deliberate sinking of vessels to claim under Hull Insurance is known as |
| a) Scuttling |
| b) Ab and atonement |
| c) Barratry |
| d) General Average loss |