ICS03 - Marine Cargo (Surveyor) Mock Test 09

Q1. Which one of the following is not covered under Marine Delay in Start-Up (MDSU) covers?

a) Material Damage
b) Fortuitous event to Land and Conveyance
c) Uncontrollable Maritime events
d) Non-financial losses

Q2. When any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure, it is known as:

a) Particular Average
b) Partial Average
c) General Average
d) None of these

Q3. Subrogation in marine insurance refers to transfer of:

a) Right of recovery
b) Right of possession
c) Right of ownership
d) None of the above

Q4. Which of the following are relatively small flat-bottomed vessels, generally used in port waters to carry cargo and passengers?

a) Dredgers
b) Barges
c) Launches
d) Boats

Q5. Expand the term UCP.

a) Uniform Costing Process
b) Unified Cargo Packing
c) Unit of Cargo Packing
d) Uniform Customs and Practice for Documentary Credits

Q6. 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.

Q7. What was defined as experts in marine insurance and law, who may be appointed by any party in a marine claim or dispute?

a) Surveyors
b) Tracers
c) Average Adjustors
d) Brokers

Q8. To the railway administration, on whose railway the destination station lies, or the loss, destruction, damage or deterioration occurs, within a period of __________ from the date of entrustment of his goods:

a) 30 days
b) 2 months
c) 3 months
d) 6 months

Q9. Which form of General Average expenditure that is commonly encountered is 'salvage' paid to a third party for services rendered to a vessel and her cargo in time of distress?

a) Extraordinary
b) Port of Refuge Expenses
c) Common Maritime Adventure
d) Salvage Paid for Services

Q10. The __________ should permeate down to the entire organisation and when the risk management programme is jointly run by the insured and the insurer, total commitment on the part of both is essential.

a) Communication
b) Co-operation
c) Commitment
d) Common-sense