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Category: IC66 MARINE INSURANCE CLAIMS – 10

IC66 MARINE INSURANCE CLAIMS – 10

Que. 1 : Q1) No suit or other legal proceeding shall be instituted against a common carrier for any loss of, or damage to, or damage to the consignment has been served on the common carrier before the institution of the suit or other legal proceeding and within ___________ from the date of booking of the consignment by the consignor.

   1.  a) 150 days

   2.  b) 180 days

   3.  c) 220 days

   4.  d) 250 days

Que. 2 : Q2) With reference to ulage surveys, the reverse of ullage is referred to as :

   1.  a) Grounding

   2.  b) Hatching

   3.  c) Stacking

   4.  d) Carting

Que. 3 : Q3) What was the Statutory Time Limitations on Recovery of Railways for filling claims?

   1.  a) 30 days from date of booking

   2.  b) 3 months from date of booking

   3.  c) 6 months from date of booking

   4.  d) 9 months from date of booking

Que. 4 : Q4) In marine insurance, even a voluntary and deliberate loss can be paid under

   1.  a) Total loss

   2.  b) Particular Average

   3.  c) No policy can cover voluntary and deliberate loss

   4.  d) General Average

Que. 5 : Q5) Who advises the assured on documentation to be completed and procedures to be complied with and also co-ordinates with the insurer to ensure speedy and just settlement of claim?

   1.  a) Loss assessors / Surveyors

   2.  b) Salvors

   3.  c) Tracers

   4.  d) Insurance brokers