Course overview
Marine insurance protects cargo, vessels, freight and related liabilities during international and domestic transit, but cover disputes often arise from poorly defined insurable interest, unsuitable policy wording, late notification, weak evidence or misunderstanding of sale contracts. Banks, traders, logistics companies, manufacturers and insurers need staff who can read marine policies accurately, connect insurance obligations to commercial terms, and manage claims without compromising recovery rights.
This course explains the legal, contractual and operational foundations of marine insurance. Participants examine hull, cargo, freight and liability covers; Institute Cargo Clauses; Institute War Clauses; general average; salvage; subrogation; contribution; and claims handling. They learn to identify risk transfer under Incoterms 2020, assess policy exclusions and warranties, establish the correct insured value, prepare declarations under open covers, and coordinate surveyors, carriers, brokers, insurers and recovery agents following a loss.
Teaching combines concise instructor briefings with policy-wording analysis, shipping-loss cases, group claim reviews and structured discussions. Participants work through realistic scenarios involving wet damage, theft, container losses, general average declarations, delayed notifications and carrier recovery. They leave with a marine insurance administration and claims toolkit containing coverage review checklists, claims evidence schedules, open-cover declaration controls, a recovery decision model and a practical action plan for their own role.
The course suits professionals who arrange, administer, finance, insure or audit marine shipments. It is particularly relevant where goods move under letters of credit, documentary collections, international sale contracts, freight-forwarding arrangements or corporate cargo programmes.