Marine Hull Insurance

Learning Outcomes

By the end of this course, you should be able to:

• Explain the structure and mechanisms of international trade and identify the cargo risks associated with global and domestic movement of goods, including sea, air, and inland transit exposure;
• Interpret key legal frameworks governing marine cargo—including the Marine Insurance Act 1906, Hague-Visby Rules, Hamburg Rules, and road and rail conventions (CMR, CIM)—and apply them to liability, carriage, and claims situations;
• Analyse the scope of cover provided under Institute Cargo Clauses (A, B, C), War and Strikes Clauses, and common extensions, and determine their application in different trading and risk scenarios;
• Differentiate between types of cargo, goods categories, and risk profiles, and assess how factors such as packaging, routing, conveyance, and Incoterms influence the assessment and transfer of risk;
• Differentiate between types of cargo, goods categories, and risk profiles, and assess how factors such as packaging, routing, conveyance, and Incoterms influence the assessment and transfer of risk;
• Apply core underwriting principles to marine cargo and inland transit business, including evaluation of the assured, basis of valuation, voyage conditions, accumulation issues, and premium rating considerations;
• Describe and execute cargo claims handling procedures, including notification requirements, documentation assessment, roles of surveyors and adjusters, and calculation of partial, total, and constructive total losses;
• Identify common causes of claims repudiation and evaluate real case examples to understand how policy terms, exclusions, insufficient evidence, or breach of conditions affect coverage outcomes;
• Integrate end-to-end knowledge of trade, legal, underwriting, and claims processes to provide sound practical judgment in managing marine cargo risks, designing appropriate coverage solutions, and supporting clients in logistics and cargo movements.

Course Outline