Key Learning Outcome:
At the end of the course, participants will be able to:
- Understand the concept and development of marine insurance.
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Identify the principles applicable to marine cargo insurance.
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Understand the difference between the various types of marine cargo policy.
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Appreciate the purpose of Incoterms and Sales Contract.
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Understand some basic scope of policy coverage.
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Identify basic risk exposure for underwriting consideration.
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Understand the claim process and procedure.
Course Content:
Session 1
Introduction to Marine Insurance
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Why it is call a marine adventure?
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Brief overview of marine insurance history and it’s development
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International and Malaysian trade practices
Session 2
The basic principles relating to marine cargo insurance including implied/express warranty
Session 3
Introduction to various types of marine cargo policy including brief overview of basis of valuation and insurance on duty
Session 4
Brief overview on the purpose of Incoterms 2010 and Sales Contract
Session 5
Introduction to revised Institute Cargo Clauses A, B and C- Basic coverage and exclusion
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Comparison between the clauses
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Duration of cover (Transit Clause)
Session 6
Introduction to the basic cargo risk assessment- How to interpret information and underwriting the risk
Session 7
Introduction to claim process and procedure- The importance of original claim documents
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Red Clause or Importance Notice
Speaker Profile
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 specialization is marine insurance and insurance training, and regularly provides training to MII participants.
Ashok is currently a General Manager at a leading reinsurance broking company.
Date and Time
Date: 18 - 19 October 2022
Time: 9.00 a.m. - 5.00 p.m.
Registration Closing Date: 17 October 2022
Price
Early Bird (Register before 30 September 2022)
MII Member:
RM 995 (Single), RM 945 (Group)
Non Member:
RM 1,100 (Single), RM 1,050 (Group)
International:
USD250 (Single), USD230 (Group)
Normal Fee
MII Member:
RM 1,050 (Single), RM 1,000 (Group)
Non Member:
RM 1,200 (Single), RM 1,150 (Group)
International:
USD280 (Single), USD250 (Group)
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