---------------------- is insurance against the perils of marine commerce.

Transportation Risk Management (CH.6)

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University
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Medium
Walaa Rezk
Used 4+ times
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38 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marine insurance.
Life insurance.
Motor insurance.
Aviation insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hull insurance provide protection for:
Damage to the shipper's cargo
Physical damage to the ship
Legal liability from a collision
Loss of earnings if goods are undelivered
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of ocean marine insurance covers the owner's legal liability in case of a collision with another vessel?
Hull insurance
Freight insurance
Collision liability clause
Cargo insurance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The collision liability clause specifically covers:
Physical damage to the vessel
Legal liability if the ship collides with another vessel
Loss of goods in transit
Loss of income if goods are not delivered.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cargo insurance provides protection for:
The physical damage to the ship
The loss of earnings if goods are not delivered
The shipper if the goods are damaged or lost
Legal liability from a ship collision
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does freight insurance indemnify the ship owner for?
Legal liability due to collision
Damage to the ship
Loss of earnings if goods are not delivered
Damage to another vessel's cargo
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"The owner of the goods to be transported must disclose all the relevant information to the insurance company while insuring their goods" this related to:
Utmost good faith
Contract of Indemnity
Deliberate Act
Offer & Acceptance
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