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Category: IC60 MARINE CARGO INSURANCE UNDERWRITING – 10

IC60 MARINE CARGO INSURANCE UNDERWRITING – 10

Que. 1 : Q1) Which allows transportation of cargo overseas nationally or internationally?

   1.  a) To order Bill of Lading

   2.  b) Multimodal Bills of Lading

   3.  c) Straight Bill of Lading

   4.  d) Ocean Bill of Lading

Que. 2 : Q2) Under which features of high-risk cargo, the underwriter needs to understand the nature of the machine being covered, its reparability, facilities for testing, manufacturer’s support and have appropriate deductibles or conditions of contributions in place apart from conditions for supervision of the loading, lashing and handling of the cargo?

   1.  a) Customised Cargo

   2.  b) Machinery with no testing facility locally

   3.  c) Cargo falling under IMDG code

   4.  d) High value, low bulk cargo

Que. 3 : Q3) Which is a document signed by the carrier or the carrier’s representative and issued to the shipper of goods and it evidences the receipt of goods for shipment to a particular destination and person?

   1.  a) Endorsement

   2.  b) Bill of Lading

   3.  c) Cover note

   4.  d) Binder Letter

Que. 4 : Q4) Which of the following best describes ‘mud’?

   1.  a) A Rig

   2.  b) Blow-out

   3.  c) Well-out-control

   4.  d) A heavy fluid

Que. 5 : Q5) In ________, the system follows the principle of pre-underwriting – up to a limit and for preset parameters, the certificates can be generated by the insured himself.

   1.  a) E-data

   2.  b) E-marine

   3.  c) E-underwriting

   4.  d) E-certificate