Duration
1 day
About the course
To give an overview of Marine Hull Risk Assessment:
- the information needed from shipowners
- the considerations for accepting Hull business
- the rating process for Hull risks
Course Objectives
The objectives of the course are to:
- explain the types of Marine Hull risks
- understand the rating considerations taken into account when underwriting Hull business
- understand the thoughts of Underwriters when rating Hull Business
Workshop Content
- World Trade, volumes and Trading patterns
- the principal types of vessels and their susceptibility to loss
- the most commonly found hazardous voyages
- risk assessment factors for insuring Hulls
- the factors which determine the Hull rate including Type of Vessel; Flag; Classification; Ownership and Management and the type of insurance cover
- Hull Trading conditions and the geographical location problems they may present
- the effect of different types of ship finance arrangements
- variations in ship valuation and the implications for premium rating
- the risk assessment factors for Hull War & Strikes insurance
- the risk assessment factors for Hulls Port Risks and Builders’ Risks
- loss prevention and Risk Management – the methods used and their importance
- the importance and significance of statistics for Marine Hull underwriters