Cargo Insurance – Online Short Course

COURSE OVERVIEW

• This course covers Marine cargo insurance and teaches you how to make your claim, interpret the Terms of insurance and how to evaluate an Insurance contract for your insurance needs
  

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1: Comply with procedures in respect of lost, discrepant and damaged cargo

• Initiating action in the event of loss or damage to cargo within carriers time bar limitations.
• Endorsing documentation for the purpose of preserving rights of claim.
• Communicating with affected parties.
• Initiating and finalising claim action.
• Maintaining appropriate records.
  

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2: Insurance for the transportation of a consignment of goods

• The transportation risk in a selected consignment of goods.
• Different types of packaging and the associated risk.
• Analysing a transportation policy document and producing related documentation.
• Why insurance on a consignment may be restricted in certain areas.

3: The law of contract for insurance

• Law of contract as applied in insurance.
• The application of legal capacity in an insurance contract.
• The basic principles required for an insurance contract to be legally binding.
• Evaluating a proposed insurance contract.

4: Insurance of goods in transit

• Determining the transit risks and advising accordingly.
• Arranging appropriate transit insurance for international cargo.
• Administering transit insurance on behalf of cargo owner.
• Administering insurance claims procedures.

5: The scope of transportation insurance

• The impact of different types of transport on transportation risk.
• The perils in transportation insurance.
• The inherent qualities of cargo and the associated risks.
• Transportation cover.

6: Demonstrate knowledge and understanding of transportation insurance

• The basics of transportation insurance.
• The different products that a transportation insurance company offers.
• The role of transportation insurance in international trade.
• Identifying events in the news that could impact on goods that are in transit.

7: The basics of marine insurance

• The basics of Marine Insurance.
• The practice of marine insurance.
• The basics of Insurance Claims.

Duration 

This course is self-paced. You may begin at any time and should take approximately 12 weeks to complete on a part time basis. 

COURSE DELIVERY

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

ASSESSMENT AND AWARD OF THE CERTIFICATE

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

ENTRY REQUIREMENTS

The only entry requirement for this course is a desire to learn and advance your career.
In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language