1.7. The type of transport network system that has both direct and middle points of receipts is called
a
a) Single-step system
b) Multi-level system
c) Combined system
d) A feeder system
1.8. _ _ _ _ _ _consolidate the numerous smaller shipments into truckload quantities for the
line-haul (intercity) movement and disaggregate at the destination city for delivery in smaller
quantities.
a) Truckload (TL) carriers
b) Private carriers
c) Less-than-truckload (LTL) carriers
d) For-hire carriers
1.9. The type of insurance that mainly catered to the torso and hull of the vessel along with all the
items and pieces of furniture on the vessel is:
a) Machinery insurance
b) Marine cargo insurance
c) Hull insurance
d) Liability insurance
1.10.
_ _ _ _is the kind of marine insurance policy which is valid for a specific voyage.
a) Time Policy
b) Mixed policy
c) Voyage Policy
d) Valued policy
QUESTION 2: TRUE OR FALSE
State whether the following statements are true or false.
20 MARKS
2X10 = 20 MARKS
2.1. Ocean freight is subject to a harsh ride with the ship moving in six different directions
during voyage.
2.2. A company has insurable interests in cargo when loss or damage to it would cause the
company to suffer a financial loss or certain other kinds of losses.
2.3. Liability insurance is mainly catered to the torso and hull of the vessel along with all
the items and pieces of furniture on the vessel.
2.4. Time policy is taken out to ensure the safety of the ship while it is stationed in a port.
2.5. Exporters and importers rely on ports to provide the infrastructure, equipment and
labour needed to load, unload and transfer freight between carriers.
2.6. Unobstructed deep water is needed in both the channel leading port and at the wharf
to serve the growing population of post-panamax ships.
2.7. The free flow of goods also depends on availability of key transportation documents.
2.8. A wager policy is suitable for ship owner having only one vessel or having a vessel in
different fleets. The single vessel policy covers the risk of a vessel of the insured.
3