ICS03 - Marine Cargo (Surveyor) Mock Test 11
These questions cover important concepts in Marine Cargo Insurance, Classification Clauses, Surveyor Duties, Total Loss, Freight, Common Carrier Liability, Indemnity and General Average. Key topics include the authority and requirements of classification societies, the role of marine surveyors in assessing cargo losses, Actual Total Loss under the Marine Insurance Act, and the meaning of freight. The questions also examine circumstances where common carriers may be exempt from liability, the measure of indemnity, types of goods packed in bales, subrogation rights after claim settlement, charterer liabilities and General Average. These concepts are important for ICS03 Marine Cargo (Surveyor) examination preparation.
Q1. The Classification Clause deals with:
a) The authority of the classification society
b) The duty of the assured to comply with all the recommendations of the society
c) Imposes strict duty on the insured to maintain the class of the vessel
d) All of the above
Q2. The role of the surveyor is to __________.
a) Certify that the cargo being transported or received at the destination is in sound condition
b) Survey and assess a loss where a surveyor is used either by the insurer, assured or ship-owners
c) Process insurance claim in the event of loss
d) Certify the safety standards during transportation are adhered to by the ship owner
Q3. Section 57 of the Act defines __________ as loss to the cargo where the cargo per se loses its specie, or in other words, the damage is so severe that the cargo loses its kind that was insured or the insured is irretrievably deprived of having the cargo.
a) Constructive Total Loss
b) Particular Average Loss
c) Partial Loss
d) Actual Total Loss
Q4. The term freight means:
a) The profit derived by a ship owner from the employment of ship
b) Freight earned at port of origin
c) Freight earned at the port of destination
d) All the above
Q5. The limitation of liability of common carrier becomes exonerated (Sec 12 of the Act) if the damage, loss or deterioration of cargo, including non-delivery of cargo, happens due to which of the following?
a) Criminal act of the carrier
b) Negligence or criminal act of the common carrier or any of his servants
c) Carrying of prohibited goods or goods on which adequate tax was not properly paid
d) All of the above
Q6. The measure of indemnity is used to determine:
a) The maximum liability of the underwriter in the event of any partial loss or total loss for a valued policy
b) The maximum amount of insurance cover available to the insured
c) The maximum claim which the insured can claim from the insurer
d) The maximum liability of the ship-owner in the event of any partial loss or total loss
Q7. Which of the following goods can be packed in bales?
a) Oil
b) Chemicals
c) Fruits
d) Cotton
Q8. Once the claim has been settled with the insurer, an insurer receives the __________.
a) Right of authorities
b) Right of Subrogation
c) Right of packages
d) Right of Recovery
Q9. Charters' liabilities are the __________ and liabilities of the charterer of a ship.
a) Marine and Hull
b) Ship and Voyage
c) Contractual and Legal
d) Professional and Indemnity
Q10. General Average arises when property involved in a common maritime adventure:
a) The cost of vessel removal from one port to another
b) Temporary repair of accidental damage effected during the course of voyage
c) Cargo is discharged and/or jettisoned to save the ship
d) None
