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Category: IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 05

IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 05

Que. 1 : Q1) Generally, the structure / body of a ship is referred to as __________.

   1.  a) Machinery

   2.  b) Hull

   3.  c) Ship Structure

   4.  d) None of these

Que. 2 : Q2) The International Association of Classification Societies(IACS) is a technical NGO consisting of Thirteen marine classification societies, headquartered in ________.

   1.  a) Germany

   2.  b) London

   3.  c) USA

   4.  d) China

Que. 3 : Q3) Indian Register of Shipping(IRS) is a ship classification society established in India in ________.

   1.  a) April,1925

   2.  b) April,1945

   3.  c) April,1965

   4.  d) April,1975

Que. 4 : Q4) The term __________ implies some voluntary sacrifice of property made, or expenditure incurred in a time of peril threatening all property involved in common maritime adventure, with a view of preserving it from that peril.

   1.  a) General Average

   2.  b) Actual Loss

   3.  c) Labour charges

   4.  d) Particular Average

Que. 5 : Q5) Clause 9 of Group C of Institute Time Clauses deals with

   1.  a) Sister ship

   2.  b) 3/4th Collision Liability

   3.  c) Deductible

   4.  d) None of these