Que. 1 : Q1) The term ________ includes the profit derivable by a ship-owner from the employment of his ship to carry his own goods or movable as well as freight payable by a third party, but does not include passage money.

   1.  a) Indemnity

   2.  b) Freight

   3.  c) Subrogation

   4.  d) Contribution

Que. 2 : Q2) Vessels under construction – these could fall under :

   1.  a) Builders’ Risks policies

   2.  b) Ship Breaking policies and Beaching risks

   3.  c) All of the above

   4.  d) None of the above

Que. 3 : Q3) Expend the term SOLAS

   1.  a) Security of Lost Articles at Sea

   2.  b) Security of Life at Sea

   3.  c) Safety of Cargo at Sea

   4.  d) Safety of Life at Sea

Que. 4 : Q4) In hull damage claims there may be three surveys – insurers’ survey, owners’ survey and :

   1.  a) Survey by the Salvage Association

   2.  b) Survey by the Marine Hull Society

   3.  c) Survey by the classification society

   4.  d) Survey by the registered marine surveyors

Que. 5 : Q5) Clause 23 of Group A of Institute Time Clauses deals with

   1.  a) Pollution hazard

   2.  b) New for old

   3.  c) War Exclusion

   4.  d) Bottom treatment