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Category: IC60 MARINE CARGO INSURANCE UNDERWRITING – 15

IC60 MARINE CARGO INSURANCE UNDERWRITING – 15

Que. 1 : Q1) Which of the following are essentials Features of General Average?

   1.  a) Extraordinary

   2.  b) Reasonable

   3.  c) Common Maritime Adventure

   4.  d) All of the above

Que. 2 : Q2) Under Institute Cargo Clauses (Air) , insurance terminates on expiry of ———days after unloading of cargo from aircraft at final place of discharge.

    1.  a) 30 days

   2.  b) 60 days

   3.  c) 7 days

   4.  d) 14 days

Que. 3 : Q3) Which aims to serve the learning and developmental needs of emerging markets in the context of their contemporary challenges in Insurance sector?

   1.  a) The Insurance Institute of India

   2.  b) The National Insurance Academy

   3.  c) The Institute of Insurance and Risk Management

   4.  d) The IAI(Institute of Actuaries of India)

Que. 4 : Q4) Which among the following liabilities are likely to be covered through P & I club membership?
Liability 1: Carrier’s liability to cargo owner for loss or damage to the cargo
Liability 2: Ship’s liability following a collision
Liability 3: Liability for causing environmental pollution

   1.  a) Liability 1

   2.  b) Liability 2

   3.  c) Liability 3

   4.  d) Liability 1,2 and 3

Que. 5 : Q5) Which of the following types of vessels is best suited for carrying cargo like iron ore?

   1.  a) Barge carrier

   2.  b) Dry bulk carrier

   3.  c) Liquid bulk carrier

   4.  d) Lighter Aboard Ship