VENUE: Mombasa

BACKGROUND

In a Global economy, moving goods around the world can be a risky business. Organizations and individuals need to protect their cargo in order to remain in business. A directive by the Kenyan Government compelling local importers, to obtain insurance locally has presented a unique opportunity for insurance players. Kenyan businesses that have been importing goods were rarely thinking about purchasing marine cargo insurance policies locally. It is anticipated that this class of insurance business will grow as the directive and implementation of the law takes effect. Many underwriters are now designing products and putting them on offer to potential and existing customers. An opportunity to get certification through attending this seminar has been made possible by the College of Insurance. 

COURSE OBJECTIVES

• Underwrite marine insurance business
• Apply the principles of insurance in marine
• Comply with legal requirements as applied to marine insurance
• Handle marine insurance claims
• Manage Customers in the value chain of international trade

COURSE CONTENTS

• Conceptual Framework of the International Trade.
• Historical Development of Marine Insurance
• Legal and Regulatory Environment of Marine Insurance

-General Maritime Law and the Salient Features

• The Role of Marine Insurance Market players
• The Role of Insurance Regulatory Authority (IRA) in Marine Insurance
• Principles of Insurance as Applicable to Marine Insurance
• Marine Perils
• Emerging issues in Marine Insurance
• Types and forms of Marine Insurance Covers
• Types of Marine Cargo claims
• Review of Protection and Indemnity ( Clubs )  Insurance
• Marine Insurance Policy Wordings
• The Role of the International Chamber of Commerce in Arrangement of Marine Insurance Coverage
• Practical Application of INCOTERMS in International Trade
• The Chain of Logistics
• Cargo Clearance Procedures
• Role of Marine Surveyors in Cargo Claims
• Marine Claims Documentation
• Piracy in the East African Coastline
• Port Visit By Participants

– Search and Rescue Centre

-Vessel Management System

– Dock Yard

-Boat Ride

TARGET GROUP

• Personnel involved In International Trade and Marine Insurance
• Insurance Companies/Brokers
• Revenue Authority Personnel
• Maritime Authority Personnel
• Shipping Lines
• Commercial Banks
• Port Staff
• Clearing And Forwarding Personnel
• Various Government Ministries
• Importers
• Exporters
• Manufacturers
• Carriers/Transporters

Cost: 57,500.00

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How to apply

All candidates must follow the application steps where they provide their details and select units. An invoice will be sent to the email address of the applicant with payment instructions.

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