Foundation in Marine Cargo Insurance

Recommended for

  • New Entrants
  • Insurance Industry Personnel
  • Non-insurance personnel whose work requires a basic understanding or a practical knowledge of the subject
  • Anyone who requires basic knowledge of insurance

21 & 22 February 2024
9.00 a.m. - 5.00 p.m.

Method: In-Person Training
CPD Hours: 14
Registration Closing Date:
16 February 2024

About the trainer:

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.


Course Outline
Day 1
  • Introduction to Marine Insurance
    » Why it is called a marine adventure?
    » A brief overview of marine insurance history and its development
    » International and Malaysian trade practices
  • The basic principles relating to marine cargo insurance including implied/express warranty
  • Introduction to various types of marine cargo policy including a brief overview of the basis of valuation and insurance on duty
  • A brief overview on the purpose of Incoterms 2010 and Sales Contract
Day 2
  • Introduction to revised Institute Cargo Clauses A, B and C
    » Basic coverage and exclusion
    » Comparison between the clauses
    » Duration of cover (Transit Clause)
  • Introduction to the basic cargo risk assessment
    » How to interpret information and underwrite the risk
  • Introduction to claim process and procedure
    » The importance of original claim documents
    » Red Clause or Importance Notice How to interpret information and underwrite the risk

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H),
Level 6, Bangunan AICB,
No. 10 Jalan Dato’ Onn,
50480 Kuala Lumpur, Malaysia 

Tel : +603 2712 8882

Email : customercare@mii.org.my

Customer Service Virtual Office: Open from 10:00 a.m. to 12:00 p.m., Mon-Fri

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