IC66 MARINE INSURANCE CLAIMS -11
| Q1.Who among the following does not operate in the marine insurance market? |
| a) Surveyors |
| b) Arbitrators |
| c) Loss Assessors |
| d) Brokers |
| Q2.Which requires the surveyor to sound the fuel and diesel tanks or to witness their alleging/sounding by a ship's engineer and obtain temperatures where possible? |
| a) Bunker surveys |
| b) Draft surveys |
| c) Ullage surveys |
| d) Tally surveys |
| Q3.What is the main objective behind the classification of ships? |
| a) To control piracy |
| b) Maintain a register of maritime resources |
| c) Promote safety at sea, for life, for ships and their cargoes, and for the environment |
| d) To regulate the marine insurance business |
| Q4.What covers consequential and pure financial losses arising out of Material Damage and a Fortuitous events to Land Conveyance? |
| a) Marine Delay in Start-Up |
| b) Deductibles |
| c) Piracy |
| d) Insurable Interest |
| Q5. ___ is the sum amount that will get deducted from the claim amount. |
| a) Franchise |
| b) Deductible |
| c) Insurance cover |
| d) None of these |
| Q6.Which is the customary method with liquid cargoes and is occasionally used in special cases for dry bulk cargoes? |
| a) Bunker surveys |
| b) Tally surveys |
| c) Ullage surveys |
| d) Draft surveys |
| Q7.What is the minimum premium for an annual policy? |
| a) Rs 1,000 |
| b) Rs 5,000 |
| c) Rs 10,000 |
| d) Rs 15,000 |
| Q8.Which document in the absence of a specific policy helps the bank to authenticate the existence of insurance cover and relate it to the documentary bill? |
| a) Certificate of Incorporation |
| b) Certificate of Insurance |
| c) Certificate of college |
| d) None |
| Q 9. Theoretically, ___ can arise only when freight is earned on a pro-rata distance basis and there is failure to deliver part cargo due to the voyage being terminated short of the destination. |
| a) Particular charges |
| b) Partial Loss of ship |
| c) Partial Loss of Freight |
| d) None of these |
| Q10.Expand the term SPMT. |
| a) Steam-propelled Modular Transporter |
| b) Self-propelled Muti-Modal Transporter |
| c) Self-propelled Modular Transporter |
| d) Ship-propelled Modular Transporter |