1 Platonos & 18 Sotiros Dios,
Piraeus, Attiki, 185 35, Greece

(+30) 210 412 5945
info@helmc.com

Marine Insurance

Dates:

3, 5, 10, 17, 19, 20, 24, 26 & 30 September 2024

Duration:

9 Sessions

Hours:

19:30 – 21:30

Fees:

600 EUR
(Including tuition fees & reading material)
ICS Members are eligible to a discount 20% on all HMC Professional Maritime Seminars

Embark on a comprehensive journey through the crucial aspects of marine insurance with our online course. This program offers a practical approach, incorporating case studies and workshops to provide participants with a thorough understanding of key topics. From market structures to claims handling and general average concepts, this course ensures a well-rounded exploration of marine insurance.

LEARNING METHOD

Engage in a comprehensive seminar comprised of 9 fully tutored online sessions. Upon completing your registration, you will promptly receive an email containing all essential details and links to the webinars. No specialized equipment is necessary, aside from a camera and microphone.

Download a Brochure

DOWNLOAD

Apply for the Seminar here

1. The Marine Insurance Market:

  • Reasons for and application of marine insurance in shipping business
  • Division of the market between Lloyds, Insurance Companies, and P&I Clubs
  • Organizational structures of respective entities
  • The concept of mutuality in P&I Associations
  • Role and function of an insurance broker
  • Classes of risk covered by marine insurance

2. The Principles of Marine Insurance:

  • Marine Insurance Act, 1906 (England): role, functions & perils covered
  • Insurable interest and utmost good faith
  • Practice of re-insurance
  • Assignment of rights and benefits under the contract

3. The Principles of Marine Insurance (cont.):

  • Determination of insurable value
  • Liability to the insurer for total & partial loss, apportionment
  • Subrogation: How the insurer becomes entitled to the insured property
  • Warranties, breach of warranty, implied warranty of seaworthiness
  • Losses & proximate clause
  • Perils excluded from the policy

4. The Practice of Marine Insurance:

  • Procedures and documentation
  • Assessment & application of premiums
  • Insurance brokers’ remuneration by commission
  • Time & voyage policies
  • Use of open cover
  • Institute (ILU) Clauses

5. Claims:

  • Total loss (actual and constructive)
  • Particular average vs. General Average
  • Mitigation of loss (sue & labour)
  • Salvage and salvage services’ remuneration
  • Limitation of liability in the case of Third-Party claims
  • Professional indemnity insurance: role and importance
  • Impact of international pollution legislation on marine insurance

6. General Average:

  • Concept of General Average (GA)
  • York-Antwerp Rules: role and function
  • What is admissible in a GA settlement
  • Coverage of GA contributions under marine insurance policies

Case Studies:

Explore real-world scenarios to enhance your understanding of marine insurance concepts.

Operators, Commercial Managers, Charterers, Ship Masters & Chief Officers, Marine Insurance & Claims Executives, Adjusters, Shipowners, P&I Claims Executives, Brokers, Lawyers

Tutors

  • George Margaritopoulos
    Associate Director, Richards Hogg Lindley (RHL)

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    Embark on a comprehensive journey through the crucial aspects of marine insurance with our online course. This program offers a practical approach, incorporating case studies and workshops to provide participants with a thorough understanding of key topics. From market structures to claims handling and general average concepts, this course ensures a well-rounded exploration of marine insurance.

  • Georgia Simiakaki
    FICS, Attorney-at-Law, VC Marine Claims Adjusters & Consultants Ltd

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    Embark on a comprehensive journey through the crucial aspects of marine insurance with our online course. This program offers a practical approach, incorporating case studies and workshops to provide participants with a thorough understanding of key topics. From market structures to claims handling and general average concepts, this course ensures a well-rounded exploration of marine insurance.

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