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Category: IC66 MARINE INSURANCE CLAIMS – 03

IC66 MARINE INSURANCE CLAIMS – 03

Que. 1 : Q1) Which section says that continuing with the insurable interest aspect, contracts of marine insurance also allow assured to acquire contingent insurable interest over the cargo at the time of loss?

   1.  a) Section 8 of the Act

   2.  b) Section 9 of the Act

   3.  c) Section 10 of the Act

   4.  d) Section 11 of the Act

Que. 2 : Q2) The amount of liquid withing a container that is lost as by leakage in shipment or storage is determined by a process called ________.

   1.  a) Handling

   2.  b) Draft survey

   3.  c) Ullaging

   4.  d) None of these

Que. 3 : Q3) 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. 4 : Q4) Who are appointed in cases where there are pointers that the claim preferred by the assured or the surrounding circumstances are extremely suspicious?

   1.  a) Tracers

   2.  b) Surveyors

   3.  c) Insurance brokers

   4.  d) Investigators

Que. 5 : Q5Q5) Which party in cargo insurance prepared a document called “Statement of General Average”?

   1.  a) Average Adjustors

   2.  b) Maritime Lawyers

   3.  c) Surveyors

   4.  d) Tracers