IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS - 15

Que. 1 : Q1) Time Charter hire is

   1.  a) To charter a vehicle for a specified period

   2.  b) To take a loan on vessel for a specified period

   3.  c) To take a vessel on hire for a specified period

   4.  d) To hire a vessel and pay after a specified time

Que. 2 : Q2) Part 3(Clauses 45 to 53) of International Hull Clauses comprises which of the following?

   1.  a) Principal Insuring Conditions

   2.  b) Claims Provisions

   3.  c) Additional Clauses

   4.  d) None of these

Que. 3 : Q3) Who can declare general average and who can appoint the average adjusters?

   1.  a) The ship owner and the master of the vessel respectively

   2.  b) The ship owner and the underwriters of the vessel respectively

   3.  c) The master of the vessel and the ship owner respectively

   4.  d) The ship owner in consultation with the underwriters and the master of the vessel

Que. 4 : Q4) Which are expenses incurred by the assured, their servants or agents with the intention of preventing or minimising any loss or damage that is caused by an insured peril?

   1.  a) Unrepaired damages

   2.  b) Sue and Labor charges

   3.  c) Constructive Total loss

   4.  d) None of these

Que. 5 : Q5) For covering various risks associated with port operation the following cover is an internationally accepted cover

   1.  a) Property all risk policy

   2.  b) Mega project policy

   3.  c) Port package policy

   4.  d) Special contingency policy