Introduction

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.

Duration

10 Days

Who Should Attend

• 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

COURSE LEVEL: Foundation

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 Outline

• 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

Course Administration Details:

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected]/[email protected]

Mob: +254 715 077 817/+250789621067

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817/+250789621067

Mob: +254 792516000, +254 792516010 , +250 789621067 ,or mail [email protected]/[email protected]

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to [email protected]/[email protected]

DOWNLOADABLE DOCUMENTS: