Marine Cargo Insurance

Course Overview

The Marine Cargo 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 come to class well prepared and leave with a richer understanding of the subject theory and practices.

In your academic journey with Marine Cargo Insurance, you will develop knowledge and understanding about the business and legal environment of cargo and goods-in-transit risks as well as the scope of cover and market practices of cargo insurance globally, haulage contractor’s liability, hauliers, freight forwarders, stevedores, and warehousemen.

Learning Objectives

By the end of this course, you should be able to:-

  • Describe the conduct of international trade;
  • List and outline documents used in international trade;
  • Explain the various legal requirements of transit risks; and
  • Describe the various charter parties.

Module 1: Course Overview

Learning Outcomes

Module 2: International Trade and Cargo Risks

International Trade in Relation to Cargo Risks

Overview of Import and Export Business

Global Trading Countries and Trade Routes

Trading Goods

International Commercial Terms 2010 (Incoterms)

Module 3: Legal Environment of Marine Cargo

Malaysian Legal Environment

Legal Aspects of Carriage of Goods by Sea

Legal Aspects of Carriage of Goods by Road and Rail

Transportation via Barge

Module 4: Scope of Cover and Market Practices in Marine Cargo

Main Cover

Additional Issues Related to Coverage

Module 5: Scope of Cover and Market Practices in Liability Insurance

General Nature of Haulage Contractor’s Liability Cover

Rating Practices of Haulage Contractor’s Liability Policies

Implications of Custody and Control

Risk of Mis-Deliveries

Legal Liability of Haulage Contractors

Legal Relationships

Module 6: Underwriting Cargo and Goods-in-Transit

Risk Assessment and Evaluation

Underwriting

Documents Required for Underwriting Consideration

Module 7: Claims Considerations and Procedures

Marine Cargo Claims

Goods-In-Transit Claims

Module 8: Claims Repudiation

The Role of The Ombudsman for Financial Services

The Role of Forensic Investigators

Malaysian Case Studies of Repudiated Claims

Module 9: Appendices

Appendix II – Institute Cargo Clauses (B)

Appendix III – Institute Cargo Clauses (C)

Appendix IV – Institute War Clauses (Cargo)

Appendix V – Institute Strikes Clauses (Cargo)

Appendix VI – Institute Cargo Clauses (Air)

Appendix VII – Institute Classification Clause

Price: $255

This Course includes:

   Text-based content

   8 Weeks