Mumbai University Solved Question Papers
Law of Insurance
Previous Year Question Paper with Solution
LLB 3 years · Sem 6
Nov 2023 - 60/40 Examination
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LLB 3 years Sem 6 Law of Insurance Nov 2023 - 60/40 Question Paper with Solutions
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First published on munotes.in on 24 October 2026.
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The question paper reproduced here is the paper as set by the University of Mumbai at the Nov 2023 - 60/40 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the Nov 2023 - 60/40 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Nov 2023 - 60/40 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 2 hours · Total marks 60 · 22 questions answered
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Q.1
Q.1: Answer any six of the following
12 Marks - 2 marks each
(a)What is Cargo and Hull insurance?[2]
Answer
Meaning. Hull insurance and cargo insurance are the two main branches of marine insurance. They insure two different interests in the same voyage.
Hull insurance. It insures the vessel itself, with her machinery and equipment.
- The shipowner takes it. A mortgagee may insure to the extent of his interest.
- It is usually a time policy, and section 27(2) of the Marine Insurance Act, 1963 limits a time policy to twelve months.
- A time policy carries no implied warranty of seaworthiness. But knowingly sending the ship to sea unseaworthy bars recovery for loss caused by it (section 41(5)).
Cargo insurance. It insures the goods carried on the ship.
- The owner of the goods takes it, or the buyer or seller who bears the risk of transit.
- It is usually a voyage policy or an open cover, running warehouse to warehouse.
- In a voyage policy on goods, the ship must be seaworthy and also fit to carry the goods (section 42(2)). There is no warranty that the goods themselves are seaworthy (section 42(1)).
- It is commonly written on the Institute Cargo Clauses (A), (B) or (C).
Conclusion. Hull insurance protects the shipowner's vessel, usually for a period. Cargo insurance protects the goods owner's goods, usually for a voyage.
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