By the end of this training course, the participants will be able to:

• Insure cargo transported by sea.
• Insuring agreements, conditions and exclusions
• Identify limitations and special features of the forms.
• Take underwriting, claims principles and practices.
• Identify surveyors and the different types of surveyors that can be assigned and utilized to improve the risk and/or assist in the claims process.  

COURSE OUTLINE

Cargo Insurance Policy

• Insurable Interest
• Average Terms
• Coverage Extensions
• Duration of Coverage
• Shipping Conditions
• Deductibles and Exclusions
• Special Clauses for specific cargo

Underwriting Concerns

• Assured

• Financials
• Track Record / loss experience
• Business Plan

• Underwriting

• Finished goods / merchandise
• Commodities / bulk products
• Food products / consumables / pharmaceuticals
• Machinery / project business
• The Inland Transit exposure
• The warehouse / CAT Risk exposures
• Processing exposures
• Useful sources of underwriting information (the Internet and many, many helpful links)

• Navigation / Operating locations
  • • Duration of Risk
    • Warehouse to Warehouse
    • Marine Extension Clauses
    • Delay Clauses
    • Review "hot spots" in the World
    • Difficult ports

Cargo Loss Prevention

• Product Susceptibility
• Transit Environments
• Understanding the TotalTransit
• Packaging Adequacy
• Loss Free Shipment

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:

Nigeria - $3000
Ghana - $6000
Rwanda - $7000
UK - $8000
USA - $8000