Q-11- The body or frame of the ship or vessel and its machinery is called
- Hull
- Cargo
- Freight
- Voyage
Option-1 A Hull means the body of the vessel,machinery and that is exactly what is covered by this insurance policy. The insurance provides financial protection in case of any damage to the vessel’s body (hull).
Q-12- Goods or commodities carried in a ship is called ___________
- Hull
- Cargo
- Freight
- Wares
Option-2 The Goods or commodities carried on a ship is called Cargo.
Q-13- The charge to be paid for the transportation of the goods is known as
- Freight
- Jettison
- Brokerage
- Premium
Option-1 Freight is the charge to be paid for transportation of the goods.
Q-14- Which is not a content of the letter of intimation
- Date of birth
- Date of Death
- Cause of death
- Name of the life assured
Option-1 Date of Birth
Q-15- The term PPL refers to
- Port proof of interest
- Policy Port of Interest
- Policy proof of interest
- Policy Procedure of Interest
Option-3 The term PPL means Policy proof of interest
Q-16- Policy issued to cover the risks involved when the ship is anchored in the port is called
- Hull policy
- Fleet policy
- Cargo policy
- Port risk policy
Option-4 Port risk insurance is coverage for ships in port for a lengthy stay and/or those that are under repair. It is a type of coverage afforded a vessel that is laid up for an extended time period, normally in excess of 30 days.
Q-17- A policy is taken to cover specific reference to the risks for a single shipment or consignment
- Block policy
- Blanket policy
- Named policy
- Specific cover
Option-4 The policy makes specific reference to the risks covered. A policy covering a single shipment or consignment is known as specific policy.
Q-18- The act of throwing a part of the cargo over board lighten the ship in emergencies is called
- Waiver
- Barratry
- Jettison
- Premium
Option-3 Jettison is the intentional throwing overboard of part of the cargo or some piece of the ship in order to save the ship or its cargo. Virtually all Marine policies cover the peril of jettison.
Q-19- The Great Fire of London occurred in _______, which Fire Insurance came into existence
- 1666
- 1866
- 1686
- 1687
Option-1 The Great Fire of London was a major conflagration that swept through the central parts of London from Sunday, 2 September to Thursday, 6 September 1666.
Q-20- Where started the Great Fire of London?
- Bakery Shop
- London Road
- Times Square
- London Bridge
Option-4 The fire started at 1am on Sunday morning in Thomas Farriner’s bakery on Pudding Lane. It may have been caused by a spark from his oven falling onto a pile of fuel nearby. The fire spread easily because London was very dry after a long, hot summer.
adxaDa