ICS03 - Marine Cargo (Surveyor) Mock Test 12

Q1. 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.

a) 0.5
b) 0.6
c) 0.8
d) 1

Q2. Which of the below statement is false?

a) The length of the voyage is an important factor while ascertaining transit risk.
b) Underwriter needs to be geographically aware to correctly estimate transit risk.
c) The infrastructure facilities at destination ports do not have a bearing on the transit risk.
d) Weather conditions during a voyage have a bearing on the risk.

Q3. The maximum days allowable for the cargo to reach the destination as named in the policy from the time of completion of discharge by an overseas vessel at the final port of destination are:

a) 30 Days
b) 60 Days
c) 90 Days
d) No such time

Q4. In the Horticulture Crops Insurance Scheme, for Citrus, the policy period will be __________ from the date of issue of the policy.

a) 1 year
b) 2 years
c) 3 years
d) 4 years

Q5. Answer with regard to 'Comprehensive Cover for Poultry Farms'. If there is a delay of more than __________ days in reporting a claim, the claim would be treated as non-standard.

a) 2
b) 3
c) 4
d) 5

Q6. Which of the following is covered under Institute Cargo Clauses ICC(C)?

a) Fire
b) Explosion
c) Derailment or overturning of the vehicle
d) All of the above

Q7. Which is issued when some of the packages are found damaged at the time of loading or where there are missing quantities?

a) Straight Bill of Lading
b) Claused Bill of Lading
c) Ocean Bill of Lading
d) Clean Bill of Lading

Q8. Which clause states that in no case shall this insurance cover loss, damage or expense arising from the absence, shortage or withholding of labour of any description whatsoever resulting from any strike, lock-out, labour disturbance, riot or civil commotion?

a) Clause 3.7
b) Clause 3.8
c) Clause 3.9
d) Clause 4.0

Q9. Which of the following is not one of the important components of an SBM system?

a) The body of the buoy
b) Product Transfer System
c) Mooring and Transfer System
d) Mooring and Anchoring System

Q10. The maximum percentage of loss payable under Increased Value Insurance Clause is:

a) 100% of Sum Insured
b) 110% of Sum Insured
c) 75% of the Sum Insured
d) 50% of the Sum Insured