Q 1. The underwriter must insist on loss control measures to avoid losses and also have in place suitable terms and conditions in the policy to avoid paying ___________ of the cargo value in case of any loss.
Q 2. Which of the following key factors should be considered while hand ling a DSU proposal?
Q 3. In 1850, Triton Insurance Company Limited, the first insurance company was set up in _________.
Q 4. Which Clause agreed that any loss or damage discovered on opening containers, cases and /or packages shall be deemed to have occurred during the transit insured here under and shall be paid for accordingly unless proof conclusive to the contrary be e
Q 5. The difference between the value and the sum realised by sale of the vessel is :
Q 6. Which warranties like legality of subject matter from the basis of all contracts including contacts, such warranties are applied to all insurance contracts without any variations?
Q 7. In case of various consigners are affected due to operation of a common peril, for saving a marine adventure; the loss would be apportioned by declaration of
Q 8. Certificates of endurance are issued in
Q 9. Which of the following are problems of Bulk cargo?
Q 10. 1) The marine cargo insurance contracts are easily transferable.
2) The marine cargo ins. policies are not transferable easily like other insurance covers.
Q 11. Which of the below statement is false ?
Q 12. _____________is a specialised division set up by The International Chamber of Commerce to protect integrity of international trade.
Q 13. Q13) After settlement of a cargo claim
Q 14. Which is issued when payment for the shipped items are not made in advance?
Q 15. Cargo requiring temperatures above or below freezing point is transported in refrigerated containers also called __________.
Q 16. In insurance on freight, whether paid in advance or otherwise, the insurable value is the gross amount of freight at the risk of the assured plus______________.
Q 17. In case of which of the following insurances, the stamp duty is borne by the insured
Q 18. Under the Institute Frozen Clauses (Duration Clauses) the time limit till which the insurance will remain enforce after getting discharge from the oversea vessel is___________for cargo moving to US and Europe and ___________other geographies.
Q 19. State the correct statement among the following
Q 20. Which Lading is said to be issued when the shipping carrier signs off the BL stating that when the packages were loaded on to the vessel they were in sound condition?
Q 21. The maximum days allowable for the cargo to reach the destination as named in the policy from the time of completion of discharge by overseas vessel at the final port of destination
Q 22. The carrying vessel has always been a very important feature in rating a cargo risk. Say whether True or False.
Q 23. Which involves application of knowledge and skill necessary to assess a risk where premium computation involves evaluating or pricing a risk, so that adequate premium is received by the insurer to enable him to earn a reasonable profit margin?
Q 24. Expand the INCOTERM DDP
Q 25. ________________ where payment is guaranteed only by the issuing bank.
