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08-07-2021 (Live Online Training)

P21GT39SGV Live Online Training:
Marine Insurance
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Register your interest

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Live Online Training:
Marine Insurance

4-Part series | Over 4 days | 9:00 -13:00 (SGT)
July 2021 course: 8 July | 9 July | 12 July | 13 July

Book Now Register Your Interest Download Brochure

Register 2 Delegates & the 3rd Comes free!

overview

Key Learning Outcomes & Case Studies Include

  • Protect your assets with better understanding of marine insurance policies
  • Gain latest updates on marine insurance market, in-depth examination of regulatory issues
  • Understand contract formations and effective management of contacts
  • Examine principles of H&M insurance, Cargo Insurance, P&I and Charterers’ Liability
  • Analyse your liability cover and specialized coverage to prepare for unforeseen situations
  • Marine liability – impact assessments from Covid-19
  • Trade sanctions and impacts on marine cargo policies
  • Interpret & scrutinise various terms in insurance policies
  • Assess legal issues relating to claims, examine your exposure versus coverage

 

About The Course

This masterclass enables attendees to assess the risks associated with chartering vessels & cargo transportation, and equip them with advanced-level knowledge of marine insurance and the role it plays in their shipping business. Through highly interactive lectures, discussions and case studies, the course will examine contracts, clauses, regulations and legal issues. At the end of the programme, you will understand how marine insurance works, the formation of contacts, principles behind common & specialised coverage, and how best to manage your contracts.

Numerous discussions will put emphasis on contemporary developments, including the impacts on marine insurance by Covid-19, global cargo movements and international trade policies; INCOTERMS 2020; Salvage & General Average as well as legal issues relating to claims.

pricing

Packages Price
Live Online LearningSGD $2876

Great Savings:
Register 2 and third attends free Call us today on +65 6973 3567 or email sgtraining@informa.com to take advantage of the discount offer.

Testimonials

“It’s a commonly disputed issue in the industry and a buzzword but rarely any course like this has been organised. Professor Davies was very well-prepared and presented the fundamentals and case studies clearly, making it easy to follow”
Senior Manager, Bao-Island Enterprises Ltd

“Topics covered at this programme are highly relevant to what I do on daily basis. Trainer communicates clearly especially on ship arrest procedures across different countries, specifically the procedure of security claim prior to arbitration and local laws where I intend to apply”
Operations Manager, IMC Shipping Co Pte Ltd

“Martin gave us a lot of insights on chartering, useful for my day to day work”
Operations Manager, Aurora Tankers Management

Live Online Learning

Learn Anywhere, Learn Anytime
Catering to meet all your learning needs:

  • Get high quality practical training from our expert instructors
  • From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
  • Learn live online in an interactive environment
  • Invest in yourself. Invest in your team.

Register today for our Live Online Training courses and find out how they can help you transform the way you work. Contact one of our training consultants on sgtraining@informa.com to find out more.

trainer

Professor Martin Davies Ship Arrest & Tanker Chartering, Laytime and Demurrage

Professor Martin Davies

Member, INTERTANKO Documentary Committee

Agenda

MODULE 1

HOW THE MARKETS WORK AND FORMATION OF MARINE INSURANCE CONTRACTS

  • The players and their roles
  • The Lloyd’s market
  • Marine Insurance Act 2015
  • Consumer insurance (Disclosure and Representations) Act 2012
  • Contract formation in a subscription market – Lloyd’s and the LMP Slip
  • Contract formation in a non-subscription
  • Market – the role of brokers
  • The Law of Agency
  • Non-disclosure and utmost good faith (uberrimae fides)
  • Open cover and declarations

 

TERMS IN MARINE INSURANCE POLICIES

  • Warranties & conditions
  • Exclusions
  • Disclosure and non-disclosure
  • Express & implied terms
  • Underwriting process

 

INSURABLE INTEREST, AN ESSENTIAL REQUIREMENTS

  • The meaning of insurable interest – protection against “moral risk”
  • Insurable interest in cargo insurance: Incoterms
  • and the importance of the sale contract
  • Limited interest, multiple assureds

 

MODULE 2

HULL AND MACHINERY INSURANCE

  • Basic hull cover and exclusions
  • International Hull Clauses 2003 and Institute
  • Time Clauses – Hulls 1995
  • The Inchmaree Clause
  • Sue and labour
  • Seaworthiness warranties
  • Agreed Value v. Sum Insured

 

CARGO INSURANCE

  • Law & Jurisdiction
  • INCOTERMS 2020
  • Basic cargo cover and exclusions
  • Cargo types and insurance issues for each
  • Institute Cargo Clauses A, B and C 2009
  • Specialized commodities coverage
  • Risks & perils
  • Insurance duration
  • Claims & losses

 

P&I AND CHARTERERS’ LIABILITY COVER

  • Club rules
  • The omnibus rule
  • Commercial indemnity cover
  • Coverage generated
  • Liability
  • Excluded risks
  • Termination of cover

 

MODULE 3

SPECIALISED COVERAGE

  • War risks
  • Strikes
  • Piracy
  • Marine K&R
  • Maritime Cyber risk
  • mariein

 

MARINE LIABILITY DURING COVID-19

  • Liability to seamen & other persons on board
  • Expenses incidental to the operations of ships
  • Diversion expenses
  • Quarantine expenses
  • Fines
  • Cargo-related claims

 

SALVAGE & GENERAL AVERAGE

  • Lloyd’s Open Form 2000 + SCOPIC
  • Clause 2007
  • York-Antwerp Rules 2004
  • Threats to the environment
  • GA absorption policies
  • Which insurer pays for what?

 

MODULE 4

REINSURANCE

  • Privity of contract
  • Types of reinsurance
  • Reinsurance in practice
  • Different categories of contracts
  • Methods of transaction
  • Relationships between primary & reinsurance contracts

 

TRADE SANCTIONS AND MARINE CARGO POLICY

  • Recent sanctions developments
  • KYC Due diligence
  • Exclusions
  • Termination/cessation

 

LEGAL ISSUES RELATING TO CLAIMS

  • Measure of indemnity – how much do I get?
  • Deductibles
  • Proximate cause – is my loss covered?
  • Constructive total loss
  • Abandonment and notice of abandonment
  • Claims co-operation requirements

when & where

08 - 13 Jul 2021

Live Online Training

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

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