While lloyds and cigna are involved in forms of

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@ No. While Lloyd’s and Cigna are involved in forms of insurance, they are not correct. The Inchmaree is a ship name from a court case. REF: 10-3f 5. Marine cargo insurance can be purchased from: a. a barratry. b. MSC Carla. c. COGSA. d. All of the above *e. None of the above ~ Yes. Marine cargo insurance can be purchased through an insurance agent or a freight forwarder. @ No. Marine cargo insurance can be purchased through an insurance agent or a freight forwarder. REF: 10-7a 6. Premiums in an open ocean cargo policy: *a. are based upon the value of shipments made under the policy. b. cannot be incorporated into pro-forma invoices without contacting the insurance company. c. mean the shipper can make one shipment under the insurance policy. d. All of the above e. None of the above ~ Yes. Premiums can be incorporated into pro-forma invoices without contacting the insurance company; the shipper can make more than one shipment under the policy @ No. Premiums can be incorporated into pro-forma invoices without contacting the insurance company; the shipper can make more than one shipment under the policy REF: 10-7a 7. A letter of credit usually requires: ~ Yes. A letter of credit usually requires a certificate of insurance. The answers “an open ocean cargo policy” and “a special cargo policy” are not directly relevant in this case.
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  • Spring '12
  • Liao
  • Supply Chain Management, insurance policy, Export Import Bank, Institute Marine Cargo Clauses, cargo policy

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