On completion of this online workshop you will earn 3 CPD credits under the category ” Insurance Business”.
Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are transferred or acquired between different points of origin and their final destination. Providing protection against transport-related losses, this voyage policy provides a haven for shipping companies and couriers because it protects them from costly potential losses while transporting goods by water.
Despite following laws and safety regulations, transporters can’t control natural occurrences that might disrupt the cargo or vessel. Things like weather hazards, encounters with pirates, and cross border conflicts are very common in water transportation and the damages associated with these situations can cause a significant financial hardship for ship owners. This is where a marine insurance policy comes to the rescue, protecting the interests of shipping corporations and transporters by providing them with insurance coverage needed to defend against possible losses.
At the end of the session participants will:
Become knowledgeable and gain insight into the various types of marine cargo transits
Understand the requirement of cargo carriers and the associated liabilities
Be able to follow the required procedures when submitting a claim
Gain an appreciation of Marine Hull Insurance.
Facilitator-Mr. Sookdeo Beepath – MBA, Cert HRM, Dip IR, CFP
Mr. Beepath joined the insurance industry in Trinidad and Tobago in 1972 as a clerical officer. Hereafter, he began taking courses in several insurance disciplines at the Academy of Insurance. He continued his insurance education in Mumbai, India and Zurich, Switzerland. Mr. Beepath holds a Certificate in Human Resource Management and a Diploma in Industrial Relations. He is also a Certified Financial Planner. He read for his MBA in Business Management at the Arthur Lok Jack Graduate School of Business.
Sookdeo served as President of the Trinidad and Tobago Insurance Institute (TTII) and the Association of Insurance Institutes of the Caribbean (AIIC). He was also a long standing Director on the Board of Directors of the Association of Trinidad & Tobago Insurance Companies (ATTIC) and past Chairman of its Claims Committee. He currently lectures to the Bachelor’s Degree in Risk and Insurance at the University of the West Indies.