P212 - PROGRAMME ON MANAGEMENT OF MARINE INSURANCE CARGO

(NON-LIFE)

Background

 

Marine Insurance, besides being the oldest form of insurance, is also a vast and fascinating subject. It is unique, as it is conceptually different from other classes of insurance. Marine Insurance Business is mostly international and subject to marine laws, conventions and practices in all stages of operation. Handling of the subject requires knowledge and skills not only in the realm of insurance, but also other fields including maritime practices & laws, trade, economies, culture, natural resources, geographies, nature of commodities, mode of packing, transportation, different types of claims, marine recoveries. This programme has been designed to cover various aspects of Marine Insurance which would help participants to achieve better underwriting and claims management.  

Objectives

The programme aims to equip participants with the requisite knowledge and expertise required to build and enhance their understanding of marine insurance including terminology, concepts, laws, type of risks, business practices, risk management, policies, clauses underwriting, reinsurance, claims and recovery.

  Contents

         Marine Insurance - An Overview

         Marine Laws

         Institute Cargo Clauses 1982-2009

         Payment and Documentary Credit System

         Critical Clauses and Provisions & Inland Transit Clauses

         Major Commodities classification and their risks

         Types of policies and their Underwriting

         Marine Hull (Basics, Clauses & Relation to Cargo insurance)

         General Average - Concept

         Protection & Indemnity - Basics

         Reinsurance

         Visit to Port Model

         Marine Claims Management

         Subrogation & Recovery

Participantsí Profile

Officials handling Marine (Cargo) underwriting & claims posted in Head Office, Regional Offices, Operating Offices of Indian and foreign public & private sector General Insurance Companies

  Duration: 3 days

  Dates:            

        I.            08.05.2023-10.05.2023

     II.            27.12.2023-29.12.2023