Freight clearing and forwarding and insurance – November 2019 Past Paper KNEC Diploma

Past Examination Question Paper – KNEC

This Past Paper examination was examined by the Kenya National Examination Council (KNEC) and it applies to the following courses:

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THE KENYA NATIONAL EXAMINATIONS COUNCIL

DIPLOMA IN INTERNATIONAL FREIGHT MANAGEMENT

MODULE III

FREIGHT CLEARING AND FORWARDING AND INSURANCE

November 2019

1. (a) Mutai, a Kenyan athlete based in Japan, intends to bring home with him his car.

(i) Explain four duties and taxes that would be payable to the government of Kenya on Mutai’s car. (4 marks)

(ii) Describe the customs clearing process for Mutai’s car. (6 marks)

(b) Explain five roles of loss adjustors as stipulated under the convention on the international regulation for preventing collision at sea. (10 marks)

2. (a) Explain five functions of a clearing agent under freight clearing and forwarding. (10 marks)
(b) Explain five types of risks covered under Hull and Machinery policy, in marine insurance. (10 marks)

3. (a) Outline five types of express warranties in marine insurance. (10 marks)
(b) (i) Distinguish between international transport and multimodal transport. (2 marks)
(ii) Highlight four characteristics of multimodal transport. (8 marks)

4. (a) Explain four challenges facing rail transport network in the East African region. (8 marks)
(b) Explain six circumstances in which deviation by a ship may be justified under the voyage policy. (12 marks)

5. (a) Explain four categories of non-life insurance. (8 marks)
(b) Describe six factors that should be considered by an importer in choosing a clearing and forwarding firm. (12 marks)

6. (a) Outline the basis of pricing air freight tariffs. (10 marks)
(b) Explain the principle of insurable interest, as applicable under insurance policies. (10 marks)

7. (a) Outline four sources of information for a person intending to establish a clearing and forwarding company. (8 marks)
(b) Explain six factors that should be taken into account when underwriting marine cargo insurance. (12 marks)

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