A Practical Perspective of Marine Cargo Insurance

9:00 AM – 5:00 PM | 29 & 30 May 2024 | 14 CPD Hours

Registration Deadline: 25 May 2024

Overview

A Practical Perspective of Marine Cargo Insurance is a comprehensive programme that focuses on the principles, policies, purpose, and application of marine cargo insurance. It will also provide an in-depth look into the roles of Incoterms and Sales Contracts in marine cargo insurance as well as the risk exposure involved. The programme will also provide participants with an overview of the insurance market, its trends, and the various factors that impact marine cargo insurance. Finally, the programme will provide a practical perspective on the marine cargo insurance industry, including up-to-date information on market trends and emerging technologies.

Recommended For

  • Executives and Managers from the insurance industry
  • Anyone interested to learn more about technical marine cargo insurance

Learning Format

  • In-Person Training

Learning Outcome

  • Identify the principles applicable to marine cargo insurance
  • Draft the various types of marine cargo policy
  • Understand the purpose and application of Incoterms and Sales Contract and advice client accordingly
  • Analyse and interpret the different coverage provided by various institute clauses
  • Identify relevant risk exposure for underwriting consideration and prepare quotation

A Practical Perspective of Marine Cargo Insurance

Programme Structure
Intake
Fees
Meet The Expert

For Inquiries

Sales

+603 2712 8882

Programme Structure

Day 1

  • Introduction to Marine Insurance Act 1906
    • emphasising the various sections relating to marine cargo insurance
  • Policy drafting of the various types of marine cargo policy
    • including the application of various mandatory clauses
  • How to compute the actual cargo sum insured?
  • Why insurance on duty need to be separately insured?
  • Analysis of all the 11 different types of terms under Incoterms 2010
Day 2

  • Analysis of the revised Institute Cargo Clauses A, B and C – 2009
    • including the major differences when comparing with 1982 clauses
    • brief overview of their respective War and Strikes Clauses
  • Detail understanding of cargo risk assessment in marine cargo underwriting, not limited to
    • modes of transit and it’s hazards
    • understand the importance of risk exposure outside Malaysia
    • application of excess and general exclusions
    • example of technical rating
    • case study

Intake

Fees

Early Bird (Member)

Single: RM 1,080 | USD250

Register before 10 May 2024

Early Bird (Non-Member)

Single: RM1,180 | USD272

Normal Fee (Member)

Single: RM1,180 | USD272

Group of 3: RM1,030 | USD240

Normal Fee (Non-Member)

Single: RM1,280 | USD300

Group of 3: RM1,080 | USD250

*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)

Meet The Expert

ASHOK KUMAR SHARMA,
AAII
Ashok Kumar is an Associate of Australian Insurance Institute (AII). He has more than 40 years of experience in handling all classes of general insurance lines.His specialisation is maarine insurance and insurance training and he regularly provides training to MII participants.

Ashok is currently a General Manager at a leading reinsurance broking company.