Cargo Insurance – Online Short Course

Course Overview

Unit Standard: 120020 Credits: 3

Unit Standard: 120128 Credits: 3

Unit Standard: 252419 Credits: 3

Unit Standard: 252243 Credits: 6

Unit Standard: 120013 Credits: 3

Unit Standard: 120009 Credits: 3

Unit Standard: 117655 Credits: 8

TOTAL 29 CREDITS

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

• Initiating action in the event of loss or damage to cargo within carrier’s 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.

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.

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.

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.

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.

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.

The basics of marine insurance

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