Essential of Marine Insurance

Join us for a session focusing on Marine Insurance! This programme aims to develop participants’ understanding of the principles of Marine Insurance with reference to the Marine Insurance Act 1906 and the available covers.

Start: Wednesday, 22 May 2019

End: Thursday, 23 May 2019

09:00 AM - 17:00 PM
Training Venue : To Be Advised

Early Bird before 21 April

S$ 1,391

After MPA 50% Grant

S$ 741

Overseas Based

S$ 1,330

Normal Registration

S$ 1,605

The course fee is eligible for Skill Future Credit claims

Course Overview

Join us for a session focusing on Marine Insurance! This programme aims to develop participants’ understanding of the principles of Marine Insurance with reference to the Marine Insurance Act 1906 and the available covers.

Training Agenda

  • Setting the context; Capturing what the participants expect from this programme
  • UK Marine Insurance Act 1906 including the Insurance Act 2015 and the Enterprise Act 2016
    • History; Codification Act, Tenets of MIA 1906 Insurable Interests, Utmost Good Faith, Contribution and Subrogation
    • Voyage and Time policy, Warranties, ATL and CTL including Abandonment, Salvage, Particular Average, General Average, Sue & Labour, Collision Liability (RDC)
  • Main Categories of  Marine Covers
    • Hull, Cargo, P&I, Strikes & War, Freight, etc
    • Ancillary covers such as Loss of Hire, Kidnap & Ransom etc.
  • Cargo Insurance Policy
    • Review of ICC 1/1/09 A, B & C Clauses
    • Difference between 1/1/82 & 1/1/09
  • Case Study – Cover provided by the policy
  • Hull Covers– Review ITCH 1/10/83 in detail
  • Protection & Indemnity- History, Mutual & Fixed Premium, Review of Cover provided by Insurers
  •  Other Covers– War & Strikes, Freight Covers
  •  Review/ Q&A/ Open Forum/ Feedback & Closing

For Whom

  • Jagannath Muthu
  • Executives and Underwriters who are fairly new to Marine Insurance or wish to refresh their knowledge and gain a new perspective.
  • Insurance Intermediaries who wish to expand their overall knowledge of Marine Insurance

Facilitator

  • Director of a Singapore-based Marine Consultancy Firm which assists both Insurers & Insured for the handling of Transport Liability, P&I and H&M claims.
  • His experience includes knowledge of liner activities, NVOCC operations, Freight Forwarding, Demurrage and C/P Disputes (FD&D), Cargo damage and Intermodal claims defense and P&I claims control and adjustment.
  • His qualifications include LLM (Maritime Law), LLB, BSC&DMS in Port, Shipping & Transport Mgt.
  • He is a Fellow of the Institute of Chartered Shipbrokers, Senior Associate of the Association of Average Adjusters, Fellow of both the Chartered Institute of Arbitrators and Singapore Institute of Arbitrators.