Introduction to Cargo Insurance (2 days) |
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Overview: This course will review the forms and clauses used to insure cargo transported by sea. Students will study the insuring agreements, conditions, exclusions, limitations and special features of the forms. Underwriting and claims principles and practices will be discussed. Learn about surveyors and the different types of surveyors that can be assigned and utilized to improve the risk and/or assist in the claims process. Who Should Attend: Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers, shippers and maritime attorneys. Instructors: Continuing Education Credits: NAMS: 12 Credits SAMS: 12 Credits COURSE OUTLINE PART I CARGO INSURANCE POLICY 1. American Institute Cargo Clauses 2004 a. Insurable Interest PART II UNDERWRITING CONCERNS 1. Assured a. Financials 2. Underwriting a. Finished goods / merchandise 3. Navigation / Operating locations a. Duration of Risk 4. Exposures & Rating Plans a. Shipping methods PART III CLAIMS ADMINISTRATION 2. Claims Documentation a. Bill of Lading/Airway Bill 3. Evidence of loss during insured transit a. Delivery receipts with exceptions 4. Loss adjusting formulas a. Particular Average v Salvage Loss Salvage Value 5. Surveyors a. Roll of surveyor PART IV CARGO LOSS PREVENTION 1. Cargo Loss Prevention Formula: a. Cargo Shipping (1) Hazards b. Product Susceptibility (1) Product Components c. Transit Environments (1) Domestic d. Understanding the Total Transit (1) Carriers e. Packaging Adequacy (1) Theft Program Features: Continental Breakfast Lunch Handouts & Lecture Notes Special Assistance In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John A. Miklus at (212) 233-0550. Refunds/Cancellations |
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Location 14 Wall Street, 8th floor, New York, NY 10005 | |||||||
Contact Elvira Rodin at erodin@aimu.org | |||||||
For questions about educational credits, contact our Education/Training Specialist, Eileen Monreale Office phone: 212-233-0550 Emails: emonreale@aimu.org |
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