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, T
