Trade Practice & Incoterms

Trade Practice & Incoterms

University

70 Qs

quiz-placeholder

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Trade Practice & Incoterms

Trade Practice & Incoterms

Assessment

Quiz

Business

University

Easy

Created by

Nur Hazim

Used 5+ times

FREE Resource

70 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is a pre-condition for a risk to be insurable?

Loss must be fortuitous

There must be insurable interest

Loss must not be excessive

It must not be against public interest

Actual loss itself must be unforeseen

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Define and explain the 4 Principles of Marine Insurance.

Evaluate responses using AI:

OFF

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Marine Adventure is an Adventure in which...

-          Any property that is insured (Ship, Goods or Cargo) is exposed to maritime perils (Risks)

Any earning or acquisitions of freight, commissions, profits, financial benefits, any security on advances, loans, disbursements etc. are endangered by exposure of the insured property to maritime perils

-          Any liability to third party, which may be incurred by the owner, or any person responsible for the insured property is exposed to maritime perils

the insurer undertakes to indemnify the assured in manner and to the extent thereby agreed, against marine losses, that is to say, the losses incident to marine adventure

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are maritime perils?

Evaluate responses using AI:

OFF

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Examples of Maritime Perils

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Examples of Maritime Perils

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Examples of Maritime Perils

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