ICS04 - Marine Hull (Surveyor) Mock Test 17
These questions cover important concepts from ICS04 – Marine Hull (Surveyor), including pleasure craft, Ship Repairers Liability Insurance, Hull and Machinery value, General Average Rules, Business Interruption insurance, Sue and Labour expenses, Total Loss claims, inland vessels, freight insurance, and subrogation. The topics focus on different types of vessels, marine liability covers, insurance limits, General Average principles, claim recovery, policy deductibles, freight valuation, and transfer of recovery rights. Candidates should understand the scope of Ship Repairers Liability Insurance, treatment of freight and H&M values, recoverable expenses, vessel classification, Business Interruption covers, and the meaning of subrogation. These concepts are important for Marine Hull Surveyor examination preparation.
Q1. Which is a type of pleasure craft used by wealthy owners for their private pleasure purpose and these crafts are capable of developing high speeds, usually more than 15 knots?
a) Barges
b) Tugs
c) Yacht
d) Fishing Boat
Q2. A Ship Repairers Liability Insurance (SRL) protects the ship repairer:
a) Against legal liability arising out of contracts
b) Arising out of negligent act or omission
c) Whilst carrying out repairs/refurbishment to vessels
d) All of the above
Q3. An amount up to __________ of the H and M value may be insured, provided no Freight insurances are taken.
a) 15%
b) 25%
c) 35%
d) 50%
Q4. The general principles of the lettered rules can be overridden by the specific terms of the __________, twenty-two of them, which are only subject to the Rule Paramount.
a) The Rule of Interpretation
b) The Lettered Rules
c) The Rule Paramount
d) Numbered Rules
Q5. Which of the following is an example of Business Interruption Policy?
a) Removal of Wreck
b) Port Blockage
c) Customer Liability
d) Handling Equipment
Q6. According to Clause No. 13 Duty of the Assured (Sue and Labour) Clause of ITC-Hulls (1-10-83), which of the following are not recoverable as Sue and Labour?
a) General Average, Salvage Charges, Collision Defence and Attack Cost
b) General Average, Salvage Charges and Collision Defence and Allied Cost
c) General Average, Collision Defence and Allied Costs
d) General Average, Salvage Charges and Collision Defence Costs
Q7. Which of the following is the amount recoverable for Total Loss?
a) The amount payable under the policy, subject to Deductible provided
b) The amount as computed in the same way as for GA expenditure
c) The full sum expended, subject to the ship being fully insured
d) None of these
Q8. Barges, Pontoons and Floating Cranes, Flats are examples of which vessels?
a) Sailing Vessels
b) Inland Vessels
c) Open Vessels
d) None of these
Q9. Freight for specific voyages or anticipated freight when a vessel is in ballast may also be insured provided that the total of all freight insurances does not exceed __________ of the H and M Value.
a) 25%
b) 50%
c) 65%
d) 75%
Q10. Subrogation in marine insurance refers to transfer of:
a) Right of Recovery
b) Right of Possession
c) Right of Ownership
d) None of the Above
