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Category: IC88 MARKETING AND PUBLIC RELATIONS – 06

IC88 MARKETING AND PUBLIC RELATIONS – 06

Que. 1 : Q1) What is a temporary document issued by the insurer/ his authorized representative pending issuance of the policy?

   1.  a) Letter of Credit

   2.  b) Documentary

   3.  c) Cover Note

   4.  d) None of these

Que. 2 : Q2) which one of the following is not the express warranty ?

   1.  a) Warranted packed in new gunny bags

   2.  b) Warranted surveyed before shipment

   3.  c) Warranted new drums

   4.  d) Warranted the vessel be seaworthy

Que. 3 : Q3) What does the term Phantom vessel in maritime frauds denotes

   1.  a) Nonexistent vessels said to be transporting goods

   2.  b) Poor quality vessels transporting high value cargo

   3.  c) Vessel belonging to flags of convenience

   4.  d) None of the above

Que. 4 : Q4) Sue and labor charges are usually paid

   1.  a) In addition to damage to goods but limited by the sum insured

   2.  b) In addition to damage to goods and can exceed the sum insured

   3.  c) As a fixed percentage of sum insured

   4.  d) None of the above

Que. 5 : Q5) Bill of Entry is a documentary proof of

   1.  a) Entry of goods in the cargo container.

   2.  b) Receipt of goods by the Shipping Company.

   3.  c) Entry of goods in the port.

   4.  d) Acknowledgement of goods by the transporter or Railway.