Question

Under what circumstances may insurers settle claims in rupees in favor of Indian exporters for marine claims against exports?

a.

If the exporter requests settlement in rupees

b.

If the title to the goods has passed to the foreign buyer

c.

If the Reserve Bank approves the settlement

d.

If the insurer agrees to settle the claim in rupees

Answer: (b).If the title to the goods has passed to the foreign buyer Explanation:Insurers may settle claims in rupees in favor of Indian exporters for marine claims against exports if the title to the goods has passed to the foreign buyer. This allows for flexibility in claims settlement and helps facilitate the smooth processing of claims for exporters.

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Q. Under what circumstances may insurers settle claims in rupees in favor of Indian exporters for marine claims against exports?

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