Complete study guide for Marine Insurance in the MEO Class 1 written examination conducted by MMD / DG Shipping, Government of India. This topic has appeared 20+ times in past papers and is covered in Sailr Network's AI-powered 5-phase study system — available for MEO Class 1, Class 2, Class 4, Master FG, Chief Mate, and ETO examinations.
Actual questions from MEO Class 1 MMD written examinations. Sorted by frequency of appearance.
(a) What is P&I clubs? Describe how P&I clubs collect fund from ship-owners. (8) (b) What are the risks that are covered under the term "protection" and "indemnity"? (8)
What are the perils of the sea which are covered in a Marine Insurance contract? What can an insured do to cover a peril other than an insured peril of the sea? Explain with examples. Also, enumerate the perils which are covered under a marine insurance contract, but the onus of proof is upon the insurers to prove the assured's want of "due diligence" to avoid the claim. (16)
What are the perils of the sea which are covered in a Marine Insurance contract? What can an insured do to cover a peril other than an insured peril of the sea? Explain with examples. Also, enumerate the perils which are covered under a marine insurance contract, but the onus of proof is upon the insurers to prove the assured's want of "due diligence" to avoid the claim.
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