Online testing: Test about Hull and Machinery Insurance (CBT)

From the list below, select the type of claims covered by Hull and Machinery insurance. Select All applicable answers:

In all cases of loss or damage, covered by a vessel’s Hull and Machinery policy, what is considered necessary to be able to compile a repair specification and cost estimate? Select the most applicable answer:

In documenting repair and yard costs for the purposes of an insurance claim, which of the following are items to be included? Select all applicable answers:

What are the three general “stages” of an incident from an insurance point of view, and as described in this module?

What is an “adjustment” in the context of marine insurance and as outlined in this module?

What is the essential difference in the way, that insurance claims are handled and processed between the Scandinavian system and the British/American system?

What kind of special deductible is sometimes agreed to?

Where will primary procedures and reporting forms, relating to a ship’s involvement in an “incident” be found?

Which of the following are obligations on the insured party under the Hull and Machinery policy? Select all applicable answers:

Which of the following is another term for the Hull and Machinery insurer?

Which of the following might legitimately be granted access to a vessel in her first port of call, following involvement in an incident, that results in an insurance claim? Select all applicable answers:

Who commonly collects the settlement from the various insurers?

Your vessel has been involved in a collision. Damage is limited and she is able to proceed to the next port. Once alongside, a surveyor comes up, the gangway and introduces himself as representing the owners of the other ship, involved in the collision. How should this person be treated?