INSU 305 (Ch.2)

…………. Covers physical damage to the ship.

• Hull insurance

• Freight insurance

• Cargo insurance

• A collision liability clause

When the contract is to ensure the subject matter of insurance from one place to another, that refer to

• Floating policy

• Open cover

• Time policy

• Voyage policy

In marine insurance, insurance company compensate the insured for the total loss and general average loss only, that refers to

• With particular average

• Free from particular average

• All risks

• Additional risks

When a subject matter of insurance is irretrievably lost, that refer to

• Actual total loss

• Constructive total loss

• Additional risks

• General loss

Marine insurance policy must be contain …………………..

• Name of broker

• Name of reinsurer

• The subject-matter insured

• Carrier name

Which one of the following considered under risk during the course of voyage

• Merchant

• Passenger

• Ship

• Supplier

Property losses caused when an item is dropped or mishandled, either in transit or in loading/unloading

• Mysterious disappearance

• Accidental drop and damage

• Negligence

• International loss

Constructive total loss occurs where the subject matter insured is ……… because its actual total loss appears to be unavoidable

• Irrational abandoned

• Illogical leaved

• Take up

• Reasonably abandoned

The Nature of Loss in General average Loss is

• Extraordinary

• Normal

• Ordinary

• Regular

In marine, the contract is to insure the subject matter of insurance from one place to another, refer to

• Floating Policy

• Voyage Policy

• Time Policy

• Open Policy