ICS03 - Marine Cargo (Surveyor) Mock Test 10
These questions cover important concepts in Marine Cargo Insurance, Aviation and Maritime Conventions, Claims Management, Surveying, Total Loss and Marine Risks. Key topics include carrier liability under the Warsaw Convention 1929 and Montreal Convention 1999, the role of insurance brokers in claims, Sue and Labour expenses, bunker and ullage surveys, and the concept of Constructive Total Loss. The questions also examine IRDA regulations applicable to marine insurance, Heavy-Lift or Over-dimensional Cargo, the role of tracers, and piracy as a marine peril. Understanding international conventions, survey procedures, claims handling, cargo classifications and marine insurance principles is important for ICS03 Marine Cargo (Surveyor) examination preparation.
Q1. What is the maximum liability of a carrier in accordance with Article 22 of the Warsaw Convention 1929?
a) 100 Francs per kilogram
b) 125 Francs per kilogram
c) 250 Francs per kilogram
d) 500 Francs per kilogram
Q2. Who advises the assured on documentation to be completed and procedures to be complied with and also coordinates with the insurer to ensure speedy and just settlement of the claim?
a) Loss Assessors / Surveyors
b) Salvors
c) Tracers
d) Insurance Brokers
Q3. In case additional expenses are incurred to complete the voyage, the charges incurred would be recovered under:
a) General Average Clause
b) Sue and Labour Clause
c) Increased Value Clause
d) Limitation Clause
Q4. Limitation of Monetary Liability, as per ________ of the Montreal Convention 1999, for the loss, damage to or delay in delivery of cargo is 17 SDR per KG of gross weight, unless the consignor at the time of dispatch stated a value to be covered and paid an additional sum.
a) Article 15
b) Article 18
c) Article 22
d) Article 28
Q5. Which requires the surveyor to sound the fuel and diesel tanks or to witness their ullaging/sounding by a ship's engineer and obtain temperatures where possible?
a) Bunker Surveys
b) Draft Surveys
c) Ullage Surveys
d) Tally Surveys
Q6. There is Constructive Total Loss where the subject matter is reasonably abandoned because of which of the following?
a) Actual Total Loss appears unavoidable.
b) To prevent Actual Loss, some disproportionate expenditure is required to be incurred which exceeds the value of the goods after they are saved.
c) Further, when the assured is deprived of the subject matter insured, it is unlikely that they can recover it, or the cost of recovery would exceed its value in restored condition, making the exercise not worthwhile.
d) All of the above
Q7. How many prominent IRDA regulations are applicable to Marine Insurance?
a) One
b) Two
c) Three
d) Four
Q8. Which cargo is also called Over-dimensional Cargo or Critical Cargo?
a) Bulk Cargo
b) Liquid Cargo
c) Heavy-Lift Cargo
d) Solid Cargo
Q9. The term __________ is defined as a person whose business or work is the tracing of missing property, parcels or persons.
a) Investigators
b) Surveyors
c) Tracers
d) Insurance Brokers
Q10. What is forcible robbery at sea, whether committed by marauders from outside the ship, or by mariners or passengers within it?
a) Piracy
b) Subrogation
c) Abandonment
d) Deductibles
