IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS - 11
| Q1.In __, the system follows the principle of pre-underwriting - up to a limit, and for preset parameters, the certificates can be generated by the insured himself. |
| a) E-data |
| b) E-marine |
| c) E-underwriting |
| d) E-certificate |
| Q2.Which of the following best describes 'mud'? |
| a) A-Rig |
| b) Blow-out |
| c) Well-out-control |
| d) A heavy fluid |
| Q3.Tariff Advisory Committee(TAC) has drafted certain clauses specific to Marine Hull. Say whether True or False. |
| a) True |
| b) False |
| Q4.The International Hull Clauses are of how many parts? |
| a) One |
| b) Two |
| c) Three |
| d) Four |
| Q5.Which are specially constructed vessels in the size range of a few thousand GT used for coasters to over 70,000 GT for the ocean-going tonnage and the main features of these vessels are the single weather deck and large holds with wide hatches to facilitate loading and discharge by mechanical means? |
| a) General cargo vessels |
| b) Dry Bulk carriers |
| c) Liquid Bulk Carriers |
| d) Combination Carriers |
| Q6.Under marine Hull cover a loss can be declared as a CTL if |
| a) The vessel is abandoned to the discretion of the underwriters |
| b) If more than one interest is involved in the salvage |
| c) If there is excessive third party liability |
| d) None of the above |
| Q7.Which wells that produce hydrocarbons (i.e. bring hydrocarbons from the reservoir to the surface? |
| a) Development Wells |
| b) Producing Wells |
| c) Exploratory Wells |
| d) Appraisal Wells |
| Q 8. Which of the following documents are required for the settlement of the claim on Fishing Vessels? |
| a) Survey and/ or investigation Report |
| b) Registration Certificate, if any, issued by concerned authorities |
| c) Marine Casualty Form as per relevant statute. |
| d) All of the above |
| Q9.What is the gross tonnage less certain spaces and is intended to encompass only those spaces used for the carriage of cargo? |
| a) Gross Tonnage |
| b) Deadweight Tonnage |
| c) Net Tonnage |
| d) None of these |
| Q10.A contract of ____ is a contract whereby the insurer undertakes to indemnify the assured, in the manner and to the extent thereby agreed, against marine losses, that is to say, the losses incident to marine adventure. |
| a) Life insurance |
| b) Fire insurance |
| c) Marine insurance |
| d) Crop insurance |