Title

A COMPREHENSIVE COURSE IN MARINE CARGO

Date

19 – 20 June, 2012

Duration

2 Days

Level  

Intermediate / Advance

Time

9.00 am to 5.00 pm

Venue

Seri Pacific Hotel Kuala Lumpur
Jalan Putra
50746 Kuala Lumpur,
Malaysia

Tel (603) 4042 5555
Fax (603) 4041 7236
E-mail: resv@seripacific.com
http://www.seripacifichotel.com

Trainer

1. Mr. Ashok Sharma, AAII

Key Learning Outcomes           

1. To provide participants with a practical approach to Cargo Insurance
2. Gain insight into the key underwriting considerations which determine cargo rating and risk acceptance
3. In-depth understanding of various Institute Cargo Clauses
4. Overview of Cargo Claims Procedure

Key Objectives

1. Background and Legislation governing Marine Cargo insurance.
2. Cargo Risk assessment and underwriting factors
3. Clause wording and coverages
4. Claims practice and procedures

Key Course Contents

Day 1

1. Functions of Marine Cargo Insurance
   - Why is Insurance required?
   - Who are the beneficiaries?
   - Commerce without marine insurance?
   
   
2. Brief History & Development of Marine Cargo Insurance
   - Development of Lloyds
   - Marine Insurance Act 1906 (MIA)
   
   
3. The overseas Marine market
   - Lloyds
   - Company Market
   
   
4. Incoterms / Incoterms 2010
   - What are the Incoterms
   - New Incoterms 2010
   
   
5. Types of Cargo insurance policies
   - Single shipment policy
   - Open Covers
   - Inland Transit
   
   
6. Main Underwriting Considerations for Cargo Insurance
   - Risk Evaluation factors (commodity, conveyance,voyage)
   - Pricing (Technical Rate vs Market)
   - Conditions of cover / Deductible (Excess)
   - Risk management / Loss prevention
   
   

Day 2

1. Application of Cargo Clauses, Policy Conditions and Exclusions
   
   
2. Scope, Coverage and Exclusions of Main Cargo Clauses
   - Institute Cargo Clauses (A) 1/1/82
   - Institute Cargo Clauses (B) 1/1/82
   - Institute Cargo Clauses (C) 1/1/82
   - Institute Strikes Clauses 1/1/82
   - Institute War Clauses 1/1/82
   - Institute Cargo Clauses (Air)
   - Institute War Clauses (Air Cargo), 1/1/82
   - Institute Strike Clause (Cargo) 1/1/82
   
   
3. Overview of Commodity Trade Clauses
   - Institute Natural Rubber Clause 1/1/84
   - Institute Timber Trade Federation Clauses 1/4/86
   - Institute Frozen Meat Clause (A) 1/186
   - Institute Frozen Meat Clause (A),
   24 Hours Breakdown, 1/186
   - Institute Frozen Meat Clause (C),
   24 Hours Breakdown, 1/186
   - Institute Bulk Oil Clause 1/2/83
   
   
4. Main Market extensions & exclusion Clauses
   
   
5. Advantages and Problems of containerized transportation/their implication on cargo insurance rating
   
   
6. Overview of Claims Handling Process
   - Main claims documents required
   - Role of adjuster
   - Claims Recoveries
   - Risk Management (post claim)
   

Course Fee Per Person

Fees Category

LOCAL

INTERNATIONAL

Single Registration

RM 1340

USD 600

Group Registration

20% Discount will be given to the fourth and subsequent registration