IRDAI Surveyor Marine Cargo (S-03) case studies
IRDAI Surveyor Marine Cargo (S-03) · Put your knowledge to work in context.
The IRDAI S-03 Marine Cargo examination is the specialisation paper that insurance surveyors and loss assessors in India clear to handle marine cargo claims. It sits within the surveyor licensing framework regulated by the Insurance Regulatory and Development Authority of India, and it tests whether you can inspect a damaged consignment, read a cargo policy correctly, and defend a loss assessment in writing. The IRDAI Surveyor Marine Cargo (S-03) case studies are 5 cases and about 2,834 words.
1Frozen Shrimp Reefer Temperature Excursion
An Indian importer holds an ICC(A) marine cargo policy on 18,000 kg of frozen shrimp shipped FCL from Kochi to Rotterdam in a 20-foot reefer. The bill of lading records a set point of -18°C, and the carrier's data logger shows -18°C until a 14-hour power failure at the transhipment terminal in Colombo, after which supply-air temperature rose to -6°C for 36 hours before re-cooling.
605 words, about 3 min2Engine-Room Fire, Salvage and General Average
A bulk carrier loaded 12,000 metric tonnes of steel coils (cargo value USD 7.2 million) and 3,000 metric tonnes of bagged rice (cargo value USD 1.8 million) at Paradip for Antwerp. An engine-room fire disabled the main engine.
590 words, about 3 min3Open Cover, Late Declaration and Certificate
An Indian cotton exporter has an open cover with an insurer for all shipments CIF, ICC(B), maximum USD 2 million per vessel, declarations to be made within 7 days of the bill of lading. On 3 March, 420 bales of cotton were loaded at Mundra for Chittagong, B/L dated 3 March.
562 words, about 3 min4Flat-Rack Transformer Lashing Failure
A 42-tonne transformer was shipped on a flat rack from Chennai to Hamburg under an ICC(A) policy for USD 1.65 million. The approved stowage plan specified 8 mm wire lashings, timber dunnage and four engaged twist locks.
542 words, about 3 min5Steel Pipe Shortage, Corrosion and Surveyor Inducement
You are appointed by an insurer to survey a claim for 480 bundles of galvanised steel pipes shipped from Tianjin to Chennai under an ICC(A) certificate for USD 1,440,000. The outturn survey records 48 bundles missing and 22 bundles corroded.
535 words, about 3 min