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CD0028. P & I Insurance

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About this collection

The Seagull CBT bank is organised into modules covering safety, shipboard operations, maintenance and other topics. Original module names and codes are retained to help you find the topic you need.

“Seagull CBT — CD0028. P & I Insurance” contains 23 questions across 1 collection.

Learning

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Exam

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Sample questions and answers

These examples come from the published collection. Choose Learning to study questions in sequence, or Exam to check your knowledge.

By definition, what type of organisations are P&I Associations?

One correct answer

  • Non-profit making, mutual societies.✓ Correct answer
  • Public, limited-liability companies.
  • International commercial enterprises.
  • Registered banking subsidiaries.
Which of the following are covered by P&I insurance? (Select all appropriate answers)

Multiple correct answers

  • Damage to other ships.✓ Correct answer
  • Damage without contact.✓ Correct answer
  • Damage to fixed and/or floating objects.✓ Correct answer
  • Costs of compulsorily raising of wreck.✓ Correct answer
  • Indemnity.✓ Correct answer
  • Pollution.✓ Correct answer
  • Acts of terrorism.
  • Structural damage to the vessel resulting from grounding.
What was it, from around 1850 onwards, that brought about the creation of P&I insurance?

One correct answer

  • An increase in third party and contractual liabilities of shipowners.✓ Correct answer
  • An increase in ship and cargo losses due to maritime warfare.
  • A significant increase in international commercial trade.
  • The size of the world maritime fleet reached 1 million tons.
How does a ship owner or charterer become a Member of a P&I Association?

One correct answer

  • By insuring a vessel with that particular Association.✓ Correct answer
  • By proposal from an existing member and a vote at the Annual General Meeting of Members.
  • By applying to the Association’s Membership Committee.
  • By producing a valid Certificate of Fitness from an approved Classificiation Society.
What, basically, is P&I insurance?

One correct answer

  • Third Party liability insurance.✓ Correct answer
  • Crew insurance.
  • Cargo insurance.
  • Comprehensive hull insurance.
  • Underwritten insurance cover for all maritime claims.

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Can I use my result as an official document?

No. This is independent practice. A result does not replace an examination, certificate or knowledge check by an authorised organisation.