Dates: 10, 12, 13, 17, 19, 24, 26, 27, 30 & 31 March 2026
Hours: 19:30 – 21:30 (GMT +2)
Duration: 10 online sessions
Fees: 600,00 EUR (Including tuition fees & reading material)

ICS Members are eligible for a discount 20% on all HMC Professional Maritime Seminars.

OVERVIEW

This Marine Insurance online seminar blends theoretical foundations with real-world applications, including practical case studies and interactive workshops. Participants will gain in-depth insights into key areas such as market structures, legal principles, claims handling, and general average—taught by seasoned professionals with extensive industry experience.

Online Learning

The seminar will be delivered exclusively online by fully tutored learning sessions. Once your registration is completed, you will receive an email with information and joining instructions to the webinars. For your participation, no special equipment is needed except a camera and a microphone.

COURSE MODULES & LEARNING OUTCOMES

THE MARINE INSURANCE MARKET

• Reasons for and application of marine insurance in shipping business
• Division of the market between Lloyds, Insurance Companies, and P&I Clubs
• Organizational structures of respective entities
• The concept of mutuality in P&I Associations
• Role and function of an insurance broker
• Classes of risk covered by marine insurance

THE PRINCIPLES OF MARINE INSURANCE

• Marine Insurance Act, 1906 (England): role, functions & perils covered
• Insurable interest and utmost good faith
• Practice of re-insurance
• Assignment of rights and benefits under the contract
• Determination of insurable value
• Liability to the insurer for total & partial loss, apportionment
• Subrogation: How the insurer becomes entitled to the insured property
• Warranties, breach of warranty, implied warranty of seaworthiness
• Losses & proximate clause
• Perils excluded from the policy

THE PRACTICE OF MARINE INSURANCE

• Procedures and documentation
• Assessment & application of premiums
• Insurance brokers’ remuneration by commission
• Time & voyage policies
• Use of open cover
• Institute (ILU) Clauses

CLAIMS

• Total loss (actual and constructive)
• Particular average vs. General Average
• Mitigation of loss (sue & labour)
• Salvage and salvage services’ remuneration
• Limitation of liability in the case of Third-Party claims
• Professional indemnity insurance: role and importance
• Impact of international pollution legislation on marine insurance

GENERAL AVERAGE

• Concept of General Average (GA)
• York-Antwerp Rules: role and function
• What is admissible in a GA settlement
• Coverage of GA contributions under marine insurance policies

CASE STUDIES: Explore real-world scenarios to enhance your understanding of marine insurance concepts.

Ideal for

Operators, Charterers, Commercial Managers, Ship Masters & Chief Officers, Marine Insurance & Claims Executives, Average Adjusters, P&I Claims Handlers, Brokers, Maritime Lawyers and Shipbrokers.