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Category: IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 11

IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 11

Que. 1 : Q1) Time Policies relate to:

   1.  a) Fire insurance

   2.  b) Hull insurance

   3.  c) Motor vehicles insurance

   4.  d) Workmen

Que. 2 : Q2) If this condition of over-balance is lost, the fluids in the formation may rush out in an uncontrolled manner leading to a situation known as a ______.

   1.  a) Blow-out or well-out-of-control

   2.  b) Mud

   3.  c) Drilling

   4.  d) Rig

Que. 3 : Q3) Marine Insurance Cover works with

   1.  a) Per Sending Limits

   2.  b) Per Location Limits

   3.  c) Sum Insured Limits

   4.  d) All of the above

Que. 4 : Q4) The policy, subject to Institute Time Clauses-Freight, 1.10.1983, provides an indemnity for loss of freight but not exceeding which of the following ?

   1.  a) The gross freight lost

   2.  b) The net freight lost

   3.  c) The gross freight less premium

   4.  d) None of the above

Que. 5 : Q5) When cash deposit are paid, a GA Deposit Receipt is issued on :

   1.  a) YAR Form

   2.  b) GA Form

   3.  c) Cash Form

   4.  d) Lloyd’s Form