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

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

Marine Insurance

Dates:

07, 11, 13, 18, 20, 26, 27 February & 04, 06 March

Duration:

9 Sessions

Hours:

19:30 – 21:30 (GMT+02)

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

This seminar will offer participants the flexibility to join either in-person at the Hellenic Management Centre or online, ensuring a convenient and enriching learning experience for all.

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)

    George Margaritopoulos is Associate Director at Richards Hogg Lindley (RHL) Piraeus and has also spent time working in RHL’s London office. He is qualified as a Fellow of the Association of Average Adjusters.

    He has previously worked as a spares and shipyards broker and also as a chartering broker. He holds a Bachelor’s degree in Industrial Management & Technology from the University of Piraeus and an MSc in Marine Policy from Cardiff University.

  • Georgia Simiakaki
    FICS, Attorney-at-Law

    Georgia Simiakaki is an Attorney-at-Law and has been a member of the Piraeus Bar Association since 2007. Her area of expertise is mainly Marine Insurance, Maritime Law, Corporate and Commercial Law.
    She holds a law degree from Athens Law School and an LLM in Maritime Law from the Law School of City University London, on full scholarship.She is a Fellow of the Institute of the Chartered Shipbrokers, an Associate of the Association of Average Adjusters and a Certified Insurance (Re) Intermediary. She teaches Shipping Law, Marine Insurance and Legal Principles of Shipping Business at HMC/ICS Greek Branch.

  • Georgia Botsiou
    Legal Director and Insurance Manager, Shipping Company

    With a career spanning over two decades in the maritime industry, Georgia Botsiou has established herself as a distinguished expert in maritime law, insurance management, and claims handling.

    Throughout her tenure in shipping companies in the period 1998 to 2011, Ms. Botsiou managed a broad spectrum of legal and insurance-related tasks. Her responsibilities encompassed the oversight of documentation for Loan Agreements, Charters, Fleet Insurances, and P&I Clubs. Since 2011, Ms Botsiou has been the Legal Director and Insurance Manager in a group of shipping companies, managing a fleet of bulk carriers and chemical tankers. She has been responsible for all legal-related aspects of the group, successfully handling a wide range of claims, disputes, arbitrations, and litigations, extending to ship financing, new building contracts, ship registration, and insurance, among other areas.

    She holds a B.Sc in Italian Language and Literature from Aristotetle University of Thessaloniki. Her pursuit of specialized knowledge led her to the University of Florence for postgraduate studies in Sociolinguistics. She further advanced her expertise at London Metropolitan University, earning a Master in Shipping Business, a Postgraduate Diploma in Maritime Law, and an LLM in Maritime Law. Completing her formal education, Ms Botsiou followed a Legal Practice Course with LLM in International Business from the University of Law, London, enriching her in Corporate Law, International Contracts, and Commercial Dispute Resolution. She teaches Maritime Law and Insurance at HMC/ICS Greek Branch.

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