ICS04 - Marine Hull (Surveyor) Mock Test 02
These questions cover important topics from ICS04 – Marine Hull (Surveyor), including Single Buoy Mooring (SBM) components, well-drilling procedures, Protection and Indemnity (P&I) Clubs, vessel tonnage, and provisions of the Marine Insurance Act, 1963. They also examine IRDA regulations applicable to marine insurance, deductible provisions under Institute Time Clauses–Hulls, disclosure of material facts, International Hull Clauses, and War and Strikes Risk Insurance. The questions focus on marine underwriting, hull insurance, policy conditions, legal provisions, vessel capacity, risk coverage, deductibles, disclosure duties, and regulatory requirements. These concepts are important for understanding Marine Hull Surveyor responsibilities and examination preparation.
Q1.Which of the following are components of a Single Buoy Mooring (SBM)?
a) The body of the Buoy
b) Mooring and Anchoring Elements
c) Product Transfer System
d) All of the above
Q2.Which of the following is not a step in drilling a well?
a) Drilling up a hole-section
b) Lowering casings into the hole
c) Filling water between the outer side of the casing
d) Repeat the process 3 or 4 times with gradually decreasing drill bit diameters and casings till the desired target depth is reached, depending upon the drilling program decided for the particular well
Q3.How many Protection and Indemnity Clubs are there which collectively insure 95% of the world fleet?
a) 12
b) 13
c) 14
d) 15
Q4.Which means the capacity in tons of the cargo required to load a ship to her load-line level?
a) Gross Tonnage
b) Deadweight Tonnage
c) Net Tonnage
d) None of these
Q5.Which section of the Marine Insurance Act, 1963, says that unless the policy otherwise provides, an insurer is liable for successive losses even though the total amount of such losses may exceed the sum insured?
a) Section 65(1)
b) Section 72(1)
c) Section 77(1)
d) Section 85(1)
Q6.How many prominent IRDA regulations are applicable to Marine Insurance?
a) One
b) Two
c) Three
d) Four
Q7.In the case of Institute Time Clauses-Hulls 1.10.83, if there is a claim then with regard to Deductible (Clause No. 12), which of the following statements is true?
a) If the amount of claim is more than the deductible, then only the amount which is in excess of the deductible is payable.
b) If the amount of claim is less than the deductible, then the entire amount is payable.
c) If the amount of claim is more than the deductible, then the entire claim amount is payable.
d) If the amount of claim is more than the deductible, then nothing is payable.
Q8.The proposer has a legal duty to disclose all material facts relating to the proposed insurance. If this duty is breached through non-disclosure or misrepresentation of material facts:
a) An insurer is entitled to charge additional premium.
b) An insurer is entitled to avoid liability under the policy.
c) Both of the above.
d) None of the above.
Q9.In International Hull Clauses, cover is given for parts which are taken off the vessel to the extent of 5% of the Sum Insured for a period of ________.
a) 15 days
b) 30 days
c) 60 days
d) 90 days
Q10.As per the IRDA, which of the below changes has been effected to the War and Strikes Risk Insurance scheme?
a) Pricing has been freed.
b) Foreign registered ships can also be covered under the scheme.
c) Limits placed on the total amount payable for risk have been removed.
d) The scheme has been made compulsory for all ships in India.
