Title |
MII Basic Course in Marine Cargo Insurance |
Date |
10 – 11 September, 2012 |
Duration |
2 Days |
Level |
Basic |
Time |
9.00 am to 5.00 pm |
Venue |
The Malaysian Insurance Institute
MII City Centre
S17-S28, 2nd Floor,
Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur |
Trainer |
TBA |
Who Should Attend |
- New Entrants
- Insurance Industry Personnel
- Non-insurance personnel whose work require a basic understanding or a practical knowledge of the subject
- Anyone who requires basic knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants will be able to :
- identify the principles of insurance applicable to marine cargo insurance
- understand the scope of cover afforded by the various Institute Clauses
- identify the rating factors and underwriting consideration in assessment of marine cargo risks
- understand the claims procedures and the related documentation involved
|
Course Content |
- Introduction
- Brief History of Marine Insurance
- Cargo Insurance Market
- International Market
- Malaysian Market
- Application of Principles of Insurance to Marine Cargo
- Marine Cargo Coverages
- Cargo Clauses - A, B and C
- Risks covered
- Risks excluded
- Types of losses and expenses payable
- Duration of cover
- Risks covered
- Risks excluded
- Duration of cover
- Institute Trade Clauses
- Commodity Trade Clauses
- Rubber Trade clauses
- Timber Trade clauses
- Other trade clauses
- Policy Schedule
- Open Cover, Floating Policy, Open Policy
- Distinction between open cover, floating policy and open policy
- Terms & Conditions— Institute Standard Condition for Cargo Contract
- Underwriting and Rating Factors
- Claims Handling Procedure and Documentation
|
