ICS04 - Marine Hull (Surveyor) Mock Test 12
These questions cover important concepts from ICS04 – Marine Hull (Surveyor), including vessels under construction, Builders’ Risks, Ship Breaking and Beaching Risks, marine underwriting, freight insurance, General Average Disbursements Insurance, Sundry Hulls, International Hull Clauses, Charterers’ Liability Insurance, types of freight, time charter hire, and Average Adjusters. The topics focus on assessing marine risks based on severity and frequency, determining insurable freight values, covering General Average expenses, understanding vessel classifications, identifying different marine insurance clauses, and recognizing charter-related liabilities. Candidates should understand underwriting principles, policy coverage, freight arrangements, vessel operations, and claims-related practices for effective Marine Hull Surveyor examination preparation.
Q1. Vessels under construction - these could fall under:
a) Builders' Risks Policies
b) Ship Breaking Policies and Beaching Risks
c) All of the above
d) None of the above
Q2. An underwriter can underwrite which of the following?
a) High severity low frequency type of proposal with right terms and conditions
b) High frequency and low severity type of proposal with an adequate deductible
c) But the underwriter might be wary to underwrite a high severity and high frequency type of proposal because of the non-insurable nature of the risk
d) All of the above
Q3. In insurance on freight, whether paid in advance or otherwise, the insurable value is the gross amount of freight at the risk of the assured plus __________.
a) The underwriting charges
b) The charges of insurance
c) The expenses of earning the freight
d) The amount of loss
Q4. Which of the following provides insurance cover only for the General Average disbursements or outlays of cash which have been made at the port of refuge and which would be rendered worthless if the ship and her cargo were to become a total loss during the voyage?
a) General Average Disbursements Insurance
b) Cargo Policy
c) Freight Policy
d) Particular Average Disbursements Insurance
Q5. Vessels other than Ocean-going Vessels are generally referred to as:
a) Roll-on-Roll-off Vessels
b) Lighter Abroad Ship
c) Sundry Hulls - Coastal Vessels
d) Combination Carrier
Q6. Part 3 (Clauses 45 to 53) of International Hull Clauses comprises which of the following?
a) Principal Insuring Conditions
b) Claims Provisions
c) Additional Clauses
d) None of these
Q7. Which type of insurance covers the legal costs and expenses that a Charterer is obligated to pay due to disputes under the Charter Party or disputes related to the carriage of goods for which a vessel was chartered?
a) Charterers' Liability Insurance
b) Protection and Indemnity (P&I) Insurance
c) Marine Hull Insurance
d) Cargo Insurance
e) Freight Insurance
Q8. Listed below are some types of freight. In case of __________, the freight is normally payable monthly in advance.
a) Prepaid Freight
b) Lump Sum Freight
c) Time Charter Hire
d) Freight Payable on Delivery
Q9. Time charter hire or charter hire for a series of voyages up to a sum not exceeding 50% of the gross hire to be earned under the charter in a period not exceeding __________, less any amount covered under (b).
a) 6 months
b) 12 months
c) 18 months
d) 24 months
Q10. Average Adjusters, however, are not permitted to waive the deductions where a ship is older than __________.
a) 15 years of age
b) 20 years of age
c) 25 years of age
d) 30 years of age
