Overview
The Marine Hull Insurance online course makes your road to learning about this aspect of insurance more effective, easier and more enjoyable than ever. Its streamlined approach strikes a careful balance between depth of coverage and ease of learning. Its worldclass learning design - with insightful examples, thought primers, learning activities, case studies, review questions, and tutorial questions - ensures that you will develop a richer understanding of the subject theory and practices.
In your professional journey with Marine Hull Insurance online course, you will develop knowledge and understanding about international trade, the legal environment, perception, evaluation and underwriting, claims considerations and procedures in relation to marine hull insurance cargo and
goods-in-transit risks, in particular, the scope of cover and market practices of haulage contractor’s liability, haulers (public carriers), freight forwarders, stevedores, and warehousemen.
Learning Outcomes
By the end of this course, you should be able to:
- Describe how international trade in conducted and list the documents involved;
- Explain the various legal requirements of transit risks;
- Describe the various charter parties and carriers and explain their contractual liabilities;
- Analyse, apply, and explain the provisions of various cargo and trade clauses;
- Evaluate the various risk factors related to cargo and goods-in-transit and how they are underwritten; and
- Explain the claims practices and the roles and responsibilities of the various parties in cargo and goods-in-transit insurance claims.
Course Outline
- 1.1: Learning Outcomes
- 2.1: Types of Vessels, their Characteristics and Trade
- 2.2: Shipping and its Place in World Trade
- 2.3: Navigational Limits
- 2.4: Ship Finance and its Requirements
- 3.1: The Maritime Legal Environment
- 3.2: Maritime Conventions, Memoranda and Safety Codes
- 3.3: Classification Societies
- 3.4: US Oil Pollution Act 1990 (OPA)
- 3.5: Limitation of Liabilities
- 4.1: Marine Insurance
- 4.2: Disclosure and Representation
- 4.3: Valued and Unvalued Policies
- 4.4: Warranties
- 4.5: Insurable Interest
- 4.6: Losses Covered
- 4.7: Partial Loss and Total Loss
- 4.8: Salvage and General Average
- 4.9: Sue and Labour
- 4.10: Rights of Insurers on Payment
- 4.11: Premium Warranty
- 4.12: Introduction to the Insurance Act 2015
- 5.1: Marine Hull Insurance
- 5.2: Ancillary and Associated Insurance
- 6.1: The Protection and Indemnity (P&I) Insurance Market
- 6.2: P&I Coverage and Extension
- 6.3: Comparing P&I with Other Available Marine Insurance Products
- 7.1: Risk Assessment and Evaluation
- 7.2: Underwriting
- 8.1: Notification Procedures and Information/Documents Required
- 8.2: Parties Engaged in Investigation and Handling until Settlement of Claim
- 8.3: Documentation
- 8.4: Application of Marine Clauses
- 8.5: Co-Handling with P&I Club or Other P&I Facilities Provider
- 8.6: Marine Liability Claims
- 8.7: Claims Recovery
- 8.8: Claim Repudiation and the Ombudsman for Financial Services
