21st - 22nd November 2025 / Online
The Marine Insurance Fundamentals course is designed to provide participants with a comprehensive understanding of the various aspects of marine insurance. Participants will gain insights into marine cargo insurance, marine hull and machinery insurance, and the different types of claims that can arise in the marine insurance context.
Furthermore, the course will cover the application of marine insurance in the shipping business, including topics such as war risks, maritime cyber risk, and marine reinsurance. Participants will also learn about charterers' liability, protection and indemnity claims, as well as general average and salvage.
Legal aspects of marine insurance will be explored, including marine insurance law, maritime law, and insurance contract law. By the end of the course, participants will have a solid foundation in marine insurance principles and practices, enabling them to effectively navigate this specialized area of insurance.
Learning Objective:
| COURSE OUTLINE | |
| DAY 1 | |
| SESSION: Principles of Marine Insurance: | |
|
- Basics of Marine Insurance - Legal & Practical Aspects of Marine Insurance - History of the development of Marine Insurance |
|
| SESSION: Marine Cargo Insurance: | |
| - What is Marine Cargo Insurance - Types of Cargo Insurance - Issues Related to each Types - Case studies |
|
| BREAK | |
| SESSION: Marine Hull and Machinery Insurance: | |
| - Hull and Machinery insurance - Types of claims - Ocean hull and port operating vessels - Issues Related to each Type |
|
| SESSION: The Marine Insurance Market: | |
| - Application of marine insurance in shipping business - Concept of mutuality in P&I Associations - Classes of risk covered |
|
| Questions & Discussion | |
| DAY 2 | |
| SESSION: Other Marine Coverages: | |
| - War Risks etc. - C.E.N.D. (Confiscation – Expropriation – Nationalization – Deprivation) - Maritime cyber risk - Marine reinsurance - Small Yacht Claims - Salvage Claims - Charterers Liability - Mortgagee Interest Insurance (M.I.I.) - Mortgagees Additional Perils (Pollution) (M.A.P.(P.)) |
|
| SESSION: Protection & Indemnity Claims: | |
| - Protection & Indemnity Claims - Types of claims covered - Components of the policy |
|
| BREAK | |
| SESSION: General Average and Salvage: | |
| - The concept of General Average (GA) - Rules: role and function - GA contributions are covered under marine insurance policies - GA settlement - Salvage principles - Salvage claims and salvage law |
|
| SESSION: Legal Aspects: | |
| - Marine Insurance Law - Insurance contract - Maritime Law - International Maritime Law - U.K. Marine Insurance Act 2015 |
|
| Questions & Discussion | |
Our Trainer has an extensive background in the field of Marine Insurance. Holding a Ph.D. in Actuarial Science and an MSc in Shipping, Trade & Finance from Sir John Cass Business School, The City University, London, UK, and a BSc (Hons.) in Economics from the University of Athens, he brings a wealth of knowledge to his role. Since March 2008, he has served as a visiting lecturer on Marine Insurance at Frederick University, Cyprus, and since March 2016 at the MSc of International Shipping, Finance and Management of the Athens University of Economics and Business, Greece. Additionally, he is a member of the Piraeus' Professionals Chamber, the Cyprus Statistical Society, and the US Propeller Club, Port of Piraeus. His research in Marine Insurance, with a focus on areas such as Piracy, Fishing Vessels, Ferries, etc., has been widely recognized and has been presented at various professional and academic conferences. His work has also been published in journals and the press.
| FEE | ||
|---|---|---|
| €599 | ||
Registration fee only covers cost of agreed sessions & presentations. Fee is not inclusive of 10% Admin/Bank Charges.
Note: All payments are made in Euro
Diverse audience will benefit from a fundamental understanding of marine insurance, enabling them to make informed decisions, manage risks effectively, and ensure comprehensive protection for their maritime operations.
- Shipping Company Executives: CEOs, CFOs, and COOs who need a strategic understanding of marine insurance to make informed decisions for their companies.
- Fleet Managers: Professionals responsible for the operational management of shipping fleets, ensuring that they understand the insurance coverage necessary for fleet protection.
- Risk Management Professionals:Individuals tasked with identifying, assessing, and mitigating risks within shipping and maritime companies.
- Maritime Insurance Brokers: Insurance brokers who specialize in marine insurance and want to deepen their knowledge to better serve their clients.
- Underwriters: Insurance underwriters who need a comprehensive understanding of marine risks and insurance products to assess and price policies accurately.
- Claims Adjusters: Professionals involved in handling and settling insurance claims related to marine incidents.
- Legal Advisors: Lawyers and legal consultants who work with shipping and maritime companies on insurance-related matters and need a solid grasp of marine insurance principles.
- Compliance Officers: Individuals ensuring that shipping and maritime companies adhere to legal and regulatory requirements related to insurance.
- Maritime Operations Managers: Managers overseeing the day-to-day operations of shipping companies, who need to understand the insurance aspects of their activities.
- Marine Surveyors: Professionals who inspect ships and cargo to assess and report on their condition, often influencing insurance decisions.
- Ship Owners: Individuals or entities that own vessels and need to protect their investments through proper insurance coverage.
- Charterers: Businesses or individuals who charter ships and need to understand their insurance obligations and protections.
- Cargo Owners and Shippers: Entities involved in the shipping of goods who require knowledge of cargo insurance to safeguard their shipments.
- Port Authorities: Officials responsible for the management and operation of ports, needing an understanding of marine insurance to mitigate port-related risks.
- Marine Insurance Interns: Individuals pursuing a career in marine insurance who need foundational knowledge in the field.
- Financial Analysts: Professionals analyzing the financial aspects of shipping companies, where understanding marine insurance can influence investment and financial decisions.
- Auditors: Auditors conducting reviews of shipping and maritime companies, needing insights into their insurance coverage and risk management practices.
- Maritime Consultants: Consultants providing strategic advice to shipping companies, where marine insurance is a key component of their services.
- Ship Management Companies: Firms that manage ships on behalf of owners and need to ensure comprehensive insurance coverage for the vessels they operate.
- Logistics and Supply Chain Managers: Professionals managing the logistics and supply chains for maritime operations, requiring knowledge of insurance to protect goods in transit.
The Marine Insurance Fundamentals course is designed to provide participants with a comprehensive understanding of the various aspects of marine insurance. Participants will gain insights into marine cargo insurance, marine hull and machinery insurance, and the different types of claims that can arise in the marine insurance context.
Furthermore, the course will cover the application of marine insurance in the shipping business, including topics such as war risks, maritime cyber risk, and marine reinsurance. Participants will also learn about charterers' liability, protection and indemnity claims, as well as general average and salvage.
Legal aspects of marine insurance will be explored, including marine insurance law, maritime law, and insurance contract law. By the end of the course, participants will have a solid foundation in marine insurance principles and practices, enabling them to effectively navigate this specialized area of insurance.
Discover the latest updates
Alta Signa Europe B.V. (“Alta Signa”), announces today the launch of a new European Marine underwriting business. Find out more.
Australian insurer QBE has expanded its marine offer in Europe, with products now available in Germany as well as France and the Nordics. Find out more
The marine hub will provide coverage in builders risks, ocean and inland hull, cargo and land equipment lines. Find out more
Malcolm Godfrey, executive director of protection and indemnity at Gallagher, is leaving the marine insurance broker after 18 years. Find out more
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