IC66 MARINE INSURANCE CLAIMS - 04
Que. 1 : Q1) What is a cargo that is transported in large quantities?
1. a) Ullaging
2. b) Liquid cargo
3. c) Bulk Cargo
4. d) Solid Cargo
Que. 2 : Q2) ________ is a promise by the assured to the underwriter that something shall or shall not be done or that a certain state of affairs does or does not exist.
1. a) Indemnity
2. b) Contract
3. c) Warranty
4. d) Subrogation
Que. 3 : Q3) In ________, the system follows the principle of pre-underwriting - up to a limit and for preset parameters, the certificates can be generated by the insured himself.
1. a) E-data
2. b) E-marine
3. c) E-underwriting
4. d) E-certificate
Que. 4 : Q4) Which of the following is true?
1. a) Open policies are issued to cover the export shipments
2. b) Duty policies are valued policies
3. c) Both valued and unvalued policies are permitted by Marine Insurance Act
4. d) None of the above.
Que. 5 : Q5) Who deals with maritime law, and this could involve collisions at sea, maritime torts, industrial torts, transactional law and environmental law?
1. a) Tracer
2. b) Average Adjustors
3. c) Maritime lawyer
4. d) Salvors