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ABMA level 6 Diploma in SHIPPING AND LOGISTICS

Question on Advanced Marine/Insurance

Chalomine
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ABMA level 6 Diploma in SHIPPING AND LOGISTICS

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  1. Professional Qualification in SHIPPING & LOGISTICS Level 6 Diploma UNIT 2 – ADVANCED MARINE INSURANCE AND SALVAGE Question 1 Suggest TWO reasons why property is insured only for the perils itemised in an insurance policy. Justify your answer. (20 marks) Question 2 Discuss the different types of members of Protection and Indemnity (P&I) Clubs. (20 marks) Question 3 ExplainTWO significances of insurable interest, insured perils and utmost good faith on the ship owner. (20 marks) Question 4 Illustrate why an insurance claim for general average might be unsuccessful. Use examples to support your answer. (20 marks) Question 5 Compare the advantages to a cargo owner of pure salvage with the advantages to a cargo owner of contractual salvage. (20 marks)

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