Question
91
What is excluded in a cargo policy in relation to the seaworthiness of the ship?
What is excluded in a cargo policy in relation to the seaworthiness of the ship?
Options
a
Loss caused by the unseaworthiness of the ship, unless the insured knew of that unseaworthiness
Loss caused by the unseaworthiness of the ship, unless the insured knew of that unseaworthiness
b
Loss caused by mechanical defects in the ship
Loss caused by mechanical defects in the ship
c
Loss caused by the negligence of the crew
Loss caused by the negligence of the crew
d
Loss caused by extreme weather conditions
Loss caused by extreme weather conditions
Grade
Ungraded
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Question
92
What is explained by clause 13 of the Institute Cargo Clauses regarding constructive total loss?
What is explained by clause 13 of the Institute Cargo Clauses regarding constructive total loss?
Options
a
Loss occurring where cargo can be recovered after negotiation and payment of ransom
Loss occurring where the cargo can be recovered after negotiation and payment of ransom
b
Actual total loss
Actual total loss
c
Minor loss that can be repaired
Minor loss that can be repaired
d
Loss caused by criminal acts
Loss caused by criminal acts
Grade
Ungraded
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Question
93
What is meant by the principle of "innocent cargo"?
What is meant by the principle of "innocent cargo"?
Options
a
The cargo owner is unaware of the risks associated with the voyage
The cargo owner is unaware of the risks associated with the voyage
b
The cargo owner is liable for all risks
The cargo owner is liable for all risks
c
The ship's master is liable for cargo loss
The ship's master is liable for cargo loss
d
All risks are covered by the insurer
All risks are covered by the insurer
Grade
Ungraded
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Question
94
What is meant by risk exclusions in a cargo policy?
What is meant by risk exclusions in a cargo policy?
Options
a
Risks that are not covered by the policy
Risks that are not covered by the policy
b
Risks that are always covered by the policy
Risks that are always covered by the policy
c
Risks that are only partly covered
Risks that are only partly covered
d
Risks that never occur
Risks that never occur
Grade
Ungraded
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Question
95
What is the basis for structuring a cargo policy?
What is the basis for structuring a cargo policy?
Options
a
Risks connected with a particular voyage
Risks connected with a particular voyage
b
The time of shipment
The time of shipment
c
The type of goods insured
The type of goods insured
d
The place of shipment
The place of shipment
Grade
Ungraded
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Question
96
What affects the policy terms in a voyage-based cargo policy?
What affects the policy terms in a voyage-based cargo policy?
Options
a
The innocent cargo principle
The innocent cargo principle
b
The duration of the voyage
The duration of the voyage
c
The type of goods carried
The type of goods carried
d
The weather during the voyage
The weather during the voyage
Grade
Ungraded
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Question
97
What is covered under modern cargo clauses?
What is covered under modern cargo clauses?
Options
a
From "warehouse to warehouse" or "rack to rack"
From "warehouse to warehouse" or "rack to rack"
b
Only during the sea voyage
Only during the sea voyage
c
Only while the goods are at the port
Only while the goods are at the port
d
Only while the goods are in the sender's warehouse
Only while the goods are in the sender's warehouse
Grade
Ungraded
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Question
98
What is the main difference between ICC A, ICC B, and ICC C in cargo clauses?
What is the main difference between ICC A, ICC B, and ICC C in cargo clauses?
Options
a
The scope of risk cover
The scope of risk coverage
b
The type of ship used
The type of ship used
c
The duration of the voyage
The duration of the voyage
d
The place of shipment
The place of shipment
Grade
Ungraded
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Question
99
What is included in risk exclusions under a cargo policy?
What is included in risk exclusions under a cargo policy?
Options
a
Deliberate misconduct
Deliberate misconduct
b
Storms at sea
Storm at sea
c
Fire in the warehouse
Fire in the warehouse
d
An accident during inland transit
An accident during inland transit
Grade
Ungraded
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Question
100
What is defined by clause 13 of the Institute Cargo Clauses in a cargo policy?
What is defined by clause 13 of the Institute Cargo Clauses in a cargo policy?
Options
a
Constructive total loss
Constructive total loss
b
The duration of cover
The duration of cover
c
The type of risks covered
The type of risks covered
d
The cargo packaging requirements
Cargo packaging requirements
Grade
Ungraded
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