Marine Cargo Insurance Management

At the end of the workshop, participants will have obtained:

• An understanding of the basics of each type of business that can be underwritten into a cargo book of business and the types of risks written.
• Extensive introductory knowledge of cargo insurance and related terminology
• An understanding of the basics of marine insurance and the various types of risks associated to it.
• An insight into the various markets available
• An overview of insurance best practice obtained from experienced market speakers.
• An increased knowledge of the marine business and related terminology

Content

• What types of risks can be written in a standard marine cargo account? 
• Overview of jeweller’s block, fine art, general specie, and pre-launch insurance 
• What business is general marine cargo insurance protecting? 
• How are goods carried? 
• Introduction to legal and documentary elements of carriage of goods by sea, road, rail, and air 
• Overview of the main institute clauses and introduction to the specialist clauses and key international clauses 
• What are the underwriting considerations for marine cargo insurance? 
• Types of policy available
• Loss prevention and mitigation 
• Recoveries

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.