Technical Insurance Knowledge and Skills
Marine Cargo and Goods in Transit Insurance - Intermediate
Introduction
This one day interactive workshop has been designed as a follow up to the Introductory workshop - it is recommended that delegates have attended the Introductory workshop as this workshop builds on it and makes frequent reference to it.
The outcome should be an increased ability to handle this business and to win new business in the market. Increased understanding of Marine Insurance issues will ensure that customers’ needs are better understood and serviced. Whilst Marine Insurance might not be the core of a business, it is quite common to find transit as part of a Commercial Property Insurance policy. The ability to handle this competently can prevent another broker from gaining a foothold.
Workshop Objectives
Delegates who successfully complete this workshop will be able to:
• demonstrate knowledge of commodities in transit (timber, foodstuffs etc.), involving
• an appreciation of their particular susceptibilities to loss or damage and steps taken to reduce the risk
• a study of condensation, infestation and associated risks applicable to commodities
• an appreciation of “dangerous goods”
• outline the Institute Clauses and Institute trade Clauses, involving
• a study of the termination clause in Institute Clauses in comparison with marine stock throughput policies
• a study of Institute ‘B’ and ‘C’ clauses
• a study of a variety of Institute trade clauses
• describe the key features of the Marine Insurance Act 1906
• describe the principle and operation of General Average
Workshop Content
Risk Assessment - demonstrations of the handling of specialist cargoes based on knowledge of their particular susceptibility to loss and damage.
Institute Cargo Clauses - in-depth analysis of the Institute trade Clauses (for which a prior knowledge of Institute Cargo Clauses ‘A’ is essential).
Marine Insurance Act 1906 – the terms of the Act but, concentrating on ten or so specific areas to gain an understanding of its terms.
General Average - the principles and practices of General Average, with examples to demonstrate.
Duration: 1 day(s).
Call us now on +44 (0)1372 361 177 or email us for more information on this course.
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