Marine Hull and Machinery Insurance Course 2017
London, 16-18 May 2017
This three day course provides a broad understanding of the insurance issues associated with various types of commercial cargo vessels and offshore support vessels that require marine hull and machinery insurance. The course explores the insurance coverage available both in the London insurance market and other international marine markets. The course also looks at war, piracy, terrorist and cyber risks, loss of hire insurance, mortgagees interest, and marine builders risk insurances, as well as examining the development, operation, and insurance issues with each of the major commercial cargo and offshore support vessel types. The course also includes a visit to Lloyds of London.
This intensive course is specially designed for those who do not work in the London marine insurance market, but who need to know how the London market works and who require a broader knowledge of the marine hull and machinery insurance types available and the vessels that they cover. It will be of use both to those in the insurance/reinsurance industry and to those in the wider commercial world, such as ship managers, charterers, surveyors, lawyers, and financiers.
The course combines interactive and thought-provoking lectures, videos, discussions, and case studies on all the major aspects of hull and machinery insurance.
Delegates are able to develop knowledge of:
- Insurance issues with each of the major types of commercial cargo vessels and port and offshore support vessels.
- The Institute Time Clauses (Hulls).
- The Institute Time Clauses Hulls – port risk including limited navigation clauses (1987).
- Institute Warranties 1976 and the International Navigating 2003 Conditions.
- Overview of the Nordic Plan 2013 version 2016 and other internationally used conditions covering marine hull and machinery.
- Marine loss of hire/loss of earnings insurance.
- The differences in coverage between the Institute Builder’s Risk Clauses 1988 and MARCAR (Marine Construction All Risks) 2002.
- Institute Hull War and Strikes Clauses and the latest areas of perceived enhanced risk.
- The role of ship financiers and Mortgagees interest insurance.
- Subscription placements and the London market including Lloyds of London.
These courses are popular, so book early to secure your attendance – please download the brochure or contact us to find out more.