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Class 1 Exam Q&A : 2025/JUL/03

Question

Q3. (a) What are Standard Charter parties and enumerate the advantages of having standard charter parties. (4)

b) Discuss risks that can be covered under Charter’s Liability Insurance. (4)

c) Discuss if the Charterer can be liable to pay compensation for cargo loss or damage as per Bill of Lading. (4)

d) Discuss if charterers can be liable for payment of Oil pollution damage compensation cost under IMO conventions. (4)

Asked in Year/Month/Ques No.

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