M.B.A. DEGREE EXAMINATION, APRIL 2017
Fourth Semester
Banking and Insurance
MARINE INSURANCE
(CBCS 2013 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all questions.
All questions carry equal marks.
1. What do you mean by marine insurance?
2. State the meaning of inland vessels.
3. What do you mean by marine frauds?
4. Define general average.
5. State the functions of Hull surveyors.
Part B x 10 50)
Answer all questions.
6. State the rules of interpretation in marine
insurance.
Or
What are the fundamental principles of marine
insurance?
Sub. Code
632402
RW-045
2
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7. What are the standard conditions for Cargo
contracts in India?
Or
Distinguish between trade clause and sellers'
contingency clause.
8. What are the types of marine cargo losses?
Or
State the objectives and functions of LPA.
9. Explain the procedure of settlement of general
average and salvage charges.
Or
What are the measures of indemnity as applicable
to marine insurance, give examples.
10. What are the exchange control regulations
regarding settlement of claims?
Or
State the rules and practices of average adjustors in
marine insurance.
Part C x 10 10)
Compulsory.
11. Discuss in detail the procedure for settlement of claims if
any regarding losses occurred onshore and offshore port
premises and not during voyage.
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