Introduction to Insurance
- Why individuals and organisations purchase Marine insurance
- Marine Insurance needs of people and organisations
- Assessing marine Insurance Risk
- Identifying risk hazards
- Interpreting Policy wordings
- Handling Claims
- Marine Industry regulation and compliance
Who Provides Marine (RA)Insurance?
- Insurance companies
- Reinsurance companies
- Lloyd's of London
- The role of insurance brokers and insurance agents
- Protection and Indemnity Clubs (P & I Clubs)
- Insurance and reinsurance pools
The Policy
- Rules for construction of policy
- What a policy must specify
- Types of policies
- Voyage policy on ship
- Voyage policy on goods
- Assignment of Policy
Institute Cargo Clauses
- Institute Cargo Clauses (1982)
- Institute Cargo Clauses (2009)
- Institute time and Voyage Clauses Hulls (1983, 1995, 2003)
- Unctad model Clauses on Marine Hull and Cargo Insurance (1984)
- Other Examples of Standard Marine insurance Terms and Conditions.
- Case Study
Protection and Indemnity Insurance (P & I) and Reinsurance
- History and scope of P&I cover
- Club Cover
- Club Structure
- Principles of Mutuality
- Underwriting
- Other services provided by P&I Clubs
- Distinctive features differentiating Clubs from liability underwriters in the commercial markets
- Difference between reinsurance and co-insurance
- Marine reinsurance contract
- Forms of reinsurance