Transportation Risk Management (CH.6)

Transportation Risk Management (CH.6)

University

38 Qs

quiz-placeholder

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Transportation Risk Management (CH.6)

Transportation Risk Management (CH.6)

Assessment

Quiz

Other

University

Medium

Created by

Walaa Rezk

Used 4+ times

FREE Resource

38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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