Marine Cargo Insurance Flashcard

Front

What type of voyage is covered under Marine Cargo Insurance?

Back

All of the above

Front

What is the coverage under Institute Cargo Clause A/B/C for 'Piracy, Theft, Pilferage, Non-delivery'?

Back

A

Front

What is not covered under Marine Cargo Insurance? Options: Unseaworthiness of Vessel, Delay, Nuclear Reactions, All of the above

Back

All of the above

Front

Who should purchase Marine Cargo Insurance in a CIF transaction?

Back

Seller

Front

What should be done when goods are delivered from ocean/air carriers, port authorities, customs & inland carriers?

Back

Take remarks on delivery records.

Front

What is the first step in the claim procedure for an accident/loss?

Back

Claim Notification

Front

What documents are necessary for a claim of 'Theft/Pilferage'? Options: Invoice, Packing List and B/L or AWB, Original/Duplicate Insurance Policy, Notice of Claim to Carriers and Responsible Carrier

Back

All of the above

Front

What is the duration of War risks cover under Institute War Clause?

Back

Maximum 15 days after arrival of the oversea vessel/aircraft

Front

What is the purpose of 'Institute War Clause' in Marine Cargo Insurance?

Back

To cover losses due to war, civil war, and similar events

Front

What is the coverage under Institute Cargo Clause for 'General Average'? Options: Clause A, Clause B, Clause C, All above is correct

Back

All above is correct