Marine Insurance (Ch.6)

According to Contract of Affreightment, the owner is obliged to provide perfect ship.

• TRUE

• FALSE

According to the Contracts of Affreightment, voyages are on round basis.

• TRUE

• FALSE

According to the Contracts of Affreightment vessel is not designed specially for purpose to hire.

• TRUE

• FALSE

According to contract of Affreightment the vessel must not be suitably manned and equipped to meet the ordinary perils.

• TRUE

• FALSE

According to contract of Affreightment, whenever no time is specified for a particular obligation, this refer to:

• Obligation of reasonable dispatch.

• The obligation not to ship dangerous goods.

• Obligation not to deviate from the agreed route.

• The obligation to nominate a safe port.

A contract of affreightment is a contract between a ship-owner and renter Accordingly;

• Renter has the right to use the whole or part of the ship's.

• Time of carriage goods on a specified voyage doesn't determine.

• Renter agrees to carry goods for the owner.

• Owner agrees to pay a specified price.

Shipowner may suffer in case of increase in exchange rate and bunker in long term.

• TRUE

• FALSE

The person who hires a ship in this way occupies during the specified time the position of ship-owner.

• TRUE

• FALSE

According to contract of Affreightment, the law acts by laying down rules that regulate rights of the parties in the absence of an express contractual stipulation that such rules cover.

• TRUE

• FALSE

According to contract of Affreightment, the obligation of the owner to provide a seaworthy ship is absolute, this refer to:

• Nature of the obligation.

• The obligation not to ship dangerous goods.

• Obligation not to deviate from the agreed route.

• The obligation to nominate a safe port.