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Q1. Buoy Body usually is supported on static legs attached to the seabed, with a rotating part above water level connected to the loading tanker and the two sections are linked by a roller bearing, referred to as the ________.
a) Regular bearing
b) Repair bearing
c) Main bearing
d) None of these
Q2. Which of the following vessels are examples of Sundry vessels?
a) General Cargo Vessels, Container Vessels
b) Dry Bulk Carriers
c) Sailing Vessels
d) Passenger Vessels/Cruise Liners
Q3. What is not a shipping document?
a) Bill of Lading
b) Bill of Entry
c) Mate Receipt
d) Invoice
Q4. A SBM helps create a transfer system by means of which crude oil or gas is transferred from the VLCC to the shore or vice versa. Say whether True or False.
a) True
b) False
Q5. Marine insurance policy is an Agreed Value Policy. What does this statement imply?
a) The insurers undertake to replace or reinstate cargo or vessels in the event of loss, with full compensation.
b) The insurers do not undertake to replace or reinstate cargo or vessels in the event of loss, and do not provide any compensation.
c) The insurers do not undertake to replace or reinstate cargo or vessels in the event of loss; instead, they cancel the policy.
d) The insurers do not undertake to replace or reinstate cargo or vessels in the event of loss; they pay a sum of money, agreed in advance, that will provide reasonable compensation.
Q6. Section 55(2) enumerates the losses which are not payable. Which of the following is/are an example of these?
a) Willful misconduct of the assured
b) Delay caused by an insured peril
c) Injury to machinery not proximately caused by maritime perils
d) All of the above
Q7. Immediately after successful exploratory drilling, wells drilled to help estimate the size of the oil or gas reservoir and help develop it most efficiently are called ________.
a) Exploratory Wells
b) Development Wells
c) Producing Wells
d) Appraisal Wells
Q8. The difference between the value and the sum realised by sale of the vessel is:
a) The sound value of the vessel
b) The amount to be made good in general average
c) The commercial invoice rendered to the receiver
d) The book value of the vessel
Q9. Section 64(1) defines a __________ as the partial loss of the subject matter insured, caused by a peril insured against, and which is not a general average loss.
a) Constructive Total Loss
b) Particular Charges
c) Particular Average
d) General Average Loss
Q10. If a well is drilled on the land, it is called an __________.
a) Wellbore
b) Offshore Well
c) Onshore Well
d) Drilling
Total Vote: 908
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