Settling Marine Insurance Claims: Cargo and Ship Hull Coverage in Practice
1Summary
Piracy, fire, war, jettison, collision, grounding — the list of things that can go wrong at sea is long, and every item on it can trigger an insurance claim. This Arab British Fellowship Training Academy course focuses squarely on what happens next: how marine insurance claims for cargo and ship hulls actually get processed and settled, giving participants the practical grounding to manage insurance for employees in companies and organisations and apply marine insurance terms correctly.
Marine risks are formally defined as those arising from maritime navigation and the unexpected incidents that come with it: perils of the sea, fire, war, piracy, sea robbery, looting raids, arrest, seizure, detention or restraint by rulers or people, jettison, treachery by a ship's captain or crew, and any similar or other risks explicitly named in the policy. Coverage can also extend to fire, explosion, grounding, sinking, capsizing, collision, or contact between the ship and any object other than water.
2Objectives and target group
Who should attend:
- Corporate and institutional managers, plus managers of companies specialising in maritime transport
- Professionals working in marine cargo insurance management
- Businesspeople seeking stronger marine insurance management skills
- Business administration students and graduates, and anyone building expertise in the marine insurance sector
What participants gain:
- A solid grasp of fundamental marine insurance concepts and the specific conditions attached to cargo insurance policies
- Hands-on experience processing and settling marine insurance claims
- A clear view of insurance requirements for ship hulls, structures, equipment and machinery, plus coverage conditions for spare parts and operational tools
- Familiarity with civil liability coverage against third parties
3Course Content
Module 1: Marine Insurance Fundamentals and Its Legal Basis
- General introduction to insurance and the characteristics of marine transport insurance
- Legislative topics and insurance-related laws
Module 2: Classifying Risk and Coding Claims
- Classification of damages, risks, and current procedural terminology
- The common procedural coding system used in marine insurance services
- Identifying the various characteristics of marine insurance
Module 3: From Compensation Methods to Case Studies
- Compensation methods and the different types of marine insurance programs
- Basics and guidelines for filing insurance claims
- Practical case studies and real-world applications
Course Dates and Locations
Courses are held in Egypt, Jordan, Malaysia, Turkey, England, France, Italy, Germany, Sweden, Austria, Denmark, Australia and the United States, or at a time and place that suits your work schedule.
- Group training at academy-affiliated centers
- Individual training based on a comprehensive practical curriculum
- Field training following an integrated approach
- Theoretical training in dedicated classrooms within the academy
What Participants Receive
Upon completion, participants receive an accredited certificate from the Arab British Fellowship Training Academy confirming their attendance of the Marine Insurance Claims Settlement course for cargo and ship hulls.