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Category: IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 09

IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 09

Que. 1 : Q1) What is not true for a Marine Open Cover

   1.  a) Open cover is proof of an insurance cover

   2.  b) Open cover gives the term of cover during policy period

   3.  c) Open cover is a stamped document

   4.  d) All of the above

Que. 2 : Q2) The services of IRS are available for which of the following purposes?

   1.  a) Damage survey of ships, offshore structures and related equipment and containers

   2.  b) Warranty surveys for marine transportation and installation of offshore structures.

   3.  c) Design appraisal, inspection and certification of fixed offshore platforms during construction on behalf of underwriters

   4.  d) All of the above

Que. 3 : Q3) Which of the following are uses of puts?

   1.  a) Towing vessels into Port areas or through channels

   2.  b) Towing of ‘dumb’ Barges

   3.  c) Rendering Salvage services-fire-fighting work, oil spill cleaning

   4.  d) All of the above

Que. 4 : Q4) What is the nature of cover by the “Builders’ Risk Insurance” clauses?

   1.  a) Named peril cover

   2.  b) All risk cover

   3.  c) partial loss cover

   4.  d) Faulty welds cover

Que. 5 : Q5) The collision Liability Clauses states when both vessels are to blame for collision, and neither vessel has limited liability by law, the indemnity is calculation on the principles of :

   1.  a) Cross Liabilities

   2.  b) Single Liabilities

   3.  c) Three-fourth collision Liabilities

   4.  d) None of the above