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Marine Insurance Principles and Practice
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This Fourteen-hour intensive course is tailored for managers and executives in ship management, ship owning, and related sectors, focusing on English Law and Practice. It aims to reduce business risk by enhancing understanding of marine insurance, including key principles like utmost good faith, insurable interest, and indemnity.
Product Description
Program Overview
This Fourteen-hour intensive course is tailored for managers and executives in ship management, ship owning, and related sectors, focusing on English Law and Practice. It aims to reduce business risk by enhancing understanding of marine insurance, including key principles like utmost good faith, insurable interest, and indemnity. Topics include hull & machinery, protection & indemnity, loss of hire, war risk, and charterers liability insurance. The course also addresses general average, salvage, and the claims process, emphasizing causation, proximity, handling of deductibles and recoverability.
Professionals: Technical Insurance Executives/ Assistants Operations Finance & Accounts Legal Assistants Masters, Chief Officers, Chief Engineers & Second Engineers on leave
Mode: Online Program (Zoom)
Language: English
Course Fee: HKD 10000
MATF Code: MC113
Total Duration: 14hrs
Total Sessions: 4 (3.5hrs each)
Session Timing: Hong Kong 14.30 – 18.00 hrs | India 12.00 – 15.30 hrs | Dubai 10.30 – 14.00 hrs
Session 1 – 04 Sep 2024 | Wednesday
Principles of Marine Insurance, Evolution and need for Marine Insurance
Session 2 – 11 Sep 2024| Wednesday
Principles guiding the Marine Contract- Warranties – Utmost Good faith – Insurable Interest – Reinsurance – Assignment and passage of interest in Marine Insurance – indemnity – subrogation – mitigation – proximate cause – understanding LOF, Sue & Labour, SCOPICe
Session 3 – 18 Sep 2024| Wednesday
Types of marine insurance (H&M, P&I, LOH, AWRI, Cargo Liability, Professional indemnity insurance -ITIC (e.g., for Ship Managers)
Session 4 – 25 Sep2024 | Wednesday
General average overview and Salvage
Case Study: Loss of Hire
Lead Trainers Profile:
Mr. Jagmeet Makkar FICS – Independent Arbitrator
https://www.linkedin.com/in/skillsplus-jagmeet-makkar
Mr. Raymond T C Wong FAAA FMIoS – Average Adjuster
https://www.linkedin.com/in/raymond-t-c-wong-92b94777
Contact for more information on Maritime Skills+ Curriculum
LSF Global (www.lsfglobal.com)
+852 95279124 | anamika.chhawal@lsfglobal.com
SkillsPlus (www.skillsplus.sg)
+852 94686314 | info@skillsplus.sg
This Fourteen-hour intensive course is tailored for managers and executives in ship management, ship owning, and related sectors, focusing on English Law and Practice. It aims to reduce business risk by enhancing understanding of marine insurance, including key principles like utmost good faith, insurable interest, and indemnity. Topics include hull & machinery, protection & indemnity, loss of hire, war risk, and charterers liability insurance. The course also addresses general average, salvage, and the claims process, emphasizing causation, proximity, handling of deductibles and recoverability.
Professionals: Technical Insurance Executives/ Assistants Operations Finance & Accounts Legal Assistants Masters, Chief Officers, Chief Engineers & Second Engineers on leave
Mode: Online Program (Zoom)
Language: English
Course Fee: HKD 10000
MATF Code: MC113
Total Duration: 14hrs
Total Sessions: 4 (3.5hrs each)
Session Timing: Hong Kong 14.30 – 18.00 hrs | India 12.00 – 15.30 hrs | Dubai 10.30 – 14.00 hrs
Session 1 – 04 Sep 2024 | Wednesday
Principles of Marine Insurance, Evolution and need for Marine Insurance
Session 2 – 11 Sep 2024| Wednesday
Principles guiding the Marine Contract- Warranties – Utmost Good faith – Insurable Interest – Reinsurance – Assignment and passage of interest in Marine Insurance – indemnity – subrogation – mitigation – proximate cause – understanding LOF, Sue & Labour, SCOPICe
Session 3 – 18 Sep 2024| Wednesday
Types of marine insurance (H&M, P&I, LOH, AWRI, Cargo Liability, Professional indemnity insurance -ITIC (e.g., for Ship Managers)
Session 4 – 25 Sep2024 | Wednesday
General average overview and Salvage
Case Study: Loss of Hire
Lead Trainers Profile:
Mr. Jagmeet Makkar FICS – Independent Arbitrator
https://www.linkedin.com/in/skillsplus-jagmeet-makkar
Mr. Raymond T C Wong FAAA FMIoS – Average Adjuster
https://www.linkedin.com/in/raymond-t-c-wong-92b94777
Contact for more information on Maritime Skills+ Curriculum
LSF Global (www.lsfglobal.com)
+852 95279124 | anamika.chhawal@lsfglobal.com
SkillsPlus (www.skillsplus.sg)
+852 94686314 | info@skillsplus.sg
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