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Category: IC60 MARINE CARGO INSURANCE UNDERWRITING – 09

IC60 MARINE CARGO INSURANCE UNDERWRITING – 09

Que. 1 : Q1) Which of the following risk covered under institute cargo clauses (B) are not covered under cargo clauses (C)

   1.  a) Stranding of vessel

   2.  b) Collision of vessel

   3.  c) Sea water damage

   4.  d) Explosion

Que. 2 : Q2) For which of the following term of sale, the buyer/importer normally arranges the cargo insurance cover for the overseas transit

   1.  a) CIF basis

   2.  b) FOB basis

   3.  c) Both the above

   4.  d) None of the above

Que. 3 : Q3) All these three versions of Inland Transit Clauses comprise of 10 different causes, where clause no 1 is called ________.

   1.  a) Transit clause

   2.  b) Risk clause

   3.  c) Underwriting clause

   4.  d) None of these

Que. 4 : Q4) Which of the following is not a term of sale in marine

   1.  a) C & F

   2.  b) CIF

   3.  c) FOB

   4.  d) CFP

Que. 5 : Q5) Extra charges in cargo claims refer to

   1.  a) Landing charges

   2.  b) Reconditioning charges

   3.  c) Warehousing charges

   4.  d) Survey fees