Setting Sail in Marine Cargo: Navigating the Basics

Products get made all over the world. Once that a product is made, it needs to be transported to the retailer to be sold. This course will explore the element of marine cargo insurance, and how contracts are formed between the seller and the buyer of the goods.It will explore the insurable interest principle and how it differs to a general insurance product due to the nature and operation of this industry. You will determine the variety of products available within the market, along with the appropriate underwriting considerations for each. Finally, the course will look at how claims arise, and how they technically work when a loss occurs.

• Recognise the journey of a product from start to finish • Determine how shipping contracts are formed, and how the insurance policy will provide cover • Understand the claims function on Marine Cargo insurance