WhichofthefollowingrisksisnotcoveredbytheAllRiskscoverageofmarinecargo transportationinsurance?
A. Delay
B. Flood
C. Lightning
D. Heavy weather
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Which of the following terms requires the seller to procure insurance?
A. CIF
B. CFR
C. FOB
DAP
After the conclusion of an insurance contract, the insured is responsible for_________.
A. payment of the insurance indemnity
B. payment of the premium
C. payment of the insurance amount
D. payment of the insurable interest
After the conclusion of an insurance contract, the insurer is responsible for_______.
A. the issue of insurance policy
B. the issue of bills of lading
C. the issue of application for insurance
D. the issue of the ship
According to the CIC, if the insured amount exceeds the insurable value,____________.
A. the insurance contract will be invalid
B. the validity of the insurance contract will not be affected
C. the exceeding part will be invalid
D. the court will decide whether the insurance contract is valid or not
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