IRDAI Surveyor Marine Hull (S-04) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Marine Hull (III S-04 IC-70) Exam

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Under the 3/4ths Collision Liability Clause in the Institute Time Clauses Hulls (1.10.83), what proportion of the collision damages is paid by the hull underwriters, and where must the remaining portion be covered?
Correct Answer:
75% is paid by the hull underwriters; the remaining 25% is typically covered by a Protection and Indemnity (P&I) Club.

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