Target Audience: This advanced workshop is for senior insurance practitioners, claims managers, underwriting managers and other technical mangers.
Learning Outcomes:
At the end of the session, participants will be able to:
- Understand the INCOTERMS and the rights and responsibilities of the parties
- Understand the various types of Transit – Air, Sea and Inland
- Useful Terms and Definitions in relation to Marine Cargo
- Understand the Institute Cargo Clauses (primary focus on Institute Cargo A compared to B and C)
- Understand the Policy Exclusions in the institute Marine Cargo Clauses
- High Level overview of Non-Institute Cargo Clauses
- Understand the rating factors required by Underwriters in pricing a Marine Cargo policy (Single and Open Cover)
- Understand the claims process, documentation required and claims calculation for Partial Losses, Total Losses and General Average