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Category: IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 06

IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 06

Que. 1 : Q1) How many major ports are governed by the Major port Trust Act 1963?

   1.  a) 10

   2.  b) 11

   3.  c) 12

   4.  d) 13

Que. 2 : Q2) Cost of replacing __________ consumed either in the repair of damage to a vessel, in working the engines or winches to assist in the repairs of damage, or in moving the vessel to a place of repair within the limits of the port where she is lying, shall be treated as part of the cost of repairs.

   1.  a) Bottom Treatment

   2.  b) Agency Commission

   3.  c) Fuel and Stores

   4.  d) Gas freeing

Que. 3 : Q3) Which section of the Marine Insurance Act, 1963, says that unless the policy otherwise provides, an insurer is liable for successive losses even though the total amount of such losses may exceed the sum insured?

   1.  a) Section 65(1)

   2.  b) Section 72(1)

   3.  c) Section 77(1)

   4.  d) Section 85(1)

Que. 4 : Q4) If the vessel should be under repaid in a part only of period of _____, then the return will be calculated pro-rata over the under repair and not under repair rates of return.

   1.  a) 7 days

   2.  b) 15 days

   3.  c) 30 days

   4.  d) 45 days

Que. 5 : Q5) The insurance premium on average disbursement shall also allowed in general average and wholly recoverable in General Average as per :

   1.  a) GA Act

   2.  b) Institute Cargo Clauses

   3.  c) Rule XX of York-Antwerp Rules

   4.  d) Rhodian law