Marine Hull Insurance - Introduction - Searchlight Insurance Training

Marine Hull Insurance – Introduction

This workshop is intended to expand the delegates’ existing knowledge of Marine Hull Insurance

It is suitable for anyone who has a working understanding of Hull Insurance, and wishes to expand their knowledge of the subject.

 

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

Explain the main elements of hull and liability risks

Describe the legal environment of shipping for safety, pollution and limitation of liability

Outline details of the main policy wordings in current use and the conditions and exclusions for property and liability risks.

Hull Risk Management

Describe how hull and liability risks are rated.

The types of losses covered and how they are handled in the market.

The types of vessels insured – tramps and liners

The cover the ship owner needs for property and liability risks including war and piracy

The principles of underwriting and calculating a rate

Legal aspects – safety, pollution and limitation

The types of losses and claims trends and handling

Hull Risk Management

An outline of cover provided by Institute Time Clauses

An outline of the cover provided by Protection and Indemnity Club