IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 06

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Que. 1 : Q1) How many major ports are governed by the Major
port Trust Act 1963?

   1.  a) 10

   2.  b) 11

   3.  c) 12

   4.  d) 13

Que. 2 : Q2) Cost of replacing __________ consumed either in
the repair of damage to a vessel, in working the engines or winches to assist
in the repairs of damage, or in moving the vessel to a place of repair within
the limits of the port where she is lying, shall be treated as part of the cost
of repairs.

   1.  a) Bottom Treatment

   2.  b) Agency Commission

   3.  c) Fuel and Stores

   4.  d) Gas freeing

Que. 3 : Q3) Which section of the Marine Insurance Act,
1963, says that unless the policy otherwise provides, an insurer is liable for
successive losses even though the total amount of such losses may exceed the
sum insured?

   1.  a) Section 65(1)

   2.  b) Section 72(1)

   3.  c) Section 77(1)

   4.  d) Section 85(1)

Que. 4 : Q4) If the vessel should be under repaid in a part
only of period of _____, then the return will be calculated pro-rata over the
under repair and not under repair rates of return.

   1.  a) 7 days

   2.  b) 15 days

   3.  c) 30 days

   4.  d) 45 days

Que. 5 : Q5) The insurance premium on average disbursement
shall also allowed in general average and wholly recoverable in General Average
as per :

   1.  a) GA Act

   2.  b) Institute Cargo Clauses

   3.  c) Rule XX of York-Antwerp Rules

   4.  d) Rhodian law

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