Q-11- Are losses covered to cargo due to change in Claimatic condition during journey?
- No, Losses due to change in Claimate condition is an exclusion
- Yes,but for cover a seperate endorsement is required
- depend on Insurance company
- Can not say
Option-1 Losses due to change in Claimate condition is an exclusion under Marine Policy.
Q-12- Can number of days cover change under ‘Conceal damage clause’?
- It all depend on surveyor to cover it under claim or reject
- Yes, It can change after consent of Insurer
- No, Its standard 30 days as marine policy
- Can not say
Option-2 Number of days cover can be change under Conceal Damage Clause after discussion and endorse under Marine policy at the time of policy inception.
Q-13- Which one of the following differentiates the salvage charge from the sue and labour charge?
- cost incurred short of destination to complete the voyage
- cost of food expenses for crew members
- expenses for extra food,needs on board
- independent of any contract
Option-4 Independent of any contract
Q-14- __________ marine cargo policy is not assignable?
- certificate issued made open policy
- certificate issued under open cover
- marine cargo specific policy
- annual policy
Option-4 Annual Marine cargo policies are not assignable
Q-15- Is survey mandatory under Marine Cargo claims?
- Yes, for every claim Insurer appointed surveyor report is mandatory
- No, Survey can be waive off upto certain limit
- It is waived off witin Indian boundaries
- Can not say
Option-2 By incorporating ‘No survey clause’, survey can be waive off or self survey only required by the Insured.
Q-16- In case of Import/Export transit claim the proof of shipment is?
- Bill of lading
- Bill of Treasury
- Bill of Exchange
- None of the above
Option-1 Bill of lading is a mandatory document for claim under marine policy involving overseas import/export.
Q-17- ‘Own Sheet & Ropes clause’ is under__________?
- Machine Policy
- Marine policy
- Motor policy
- Fire policy
Option-2 Under ‘Own Sheet & Ropes clause’ underwriters agree to indemnify the Assured for loss or damage to sheets ropes toggles and the like, the property of the assured.
Q-18- ‘Pair & Set clause’ is under__________?
- Property Policy
- Marine policy
- Motor policy
- both 1&2 above
Option-4 pair & set clause can be use under both property policy like IAR and under Marine policy too.
Q-19- In which of the following the loss assessed are not ratably reduced in the proportion of sum insured bears to the value at risk?
- Total Loss
- Partial Loss
- Particular average
- Sue and Labour Charges
Option-4 Sue and Labour charges