COURSE OVERVIEW

Course Description

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Cargo insurance is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier, shipping insurance is used instead. This course is designed to equip delegates with an understanding of marine insurance and provide a working knowledge of the main classes of insurance, including marine cargo, hull, protection and indemnity (P&I), and other liability coverage and how these interrelate. The course examines standard coverage for each risk type, as well as providing an understanding of the maritime transportation industry, the people involved, the contractual relationships and responsibilities, along with the different types of vessel used and the current issues within the industry.The course covers the governing law/legislation, nature and scope of marine insurance; the types of marine insurance; the marine insurance contract; the utmost good faith, misrepresentation and disclosure; the insurable interest ss.7-19 MIA and perils; the warranties, losses and measurement of indemnity; the prescription periods and notice requirements; and the subrogation 5.81 MIA, underinsurance, overinsurance and double insurance.

link to course overview PDF

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

30 % Lectures
20 % Practical Workshops & Work Presentations
30 % Hands-on Practical Exercises & Case Studies
20 % Simulators (Hardware & Software) & Videos

In an unlikely event, the course instructor may modify the above training methodology for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable:

Certificates	:	Only soft copy certificates will be issued
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30