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

It treats the two vessels as if they were owned by different owners, with liability referred to a sole arbitrator. It excludes all liability claims since a person cannot legally sue themselves for damages. It requires the cargo underwriters of both vessels to pay for the hull repairs. It automatically pays 100% of the repairs for both vessels without applying any policy deductible.