DRIVING PROFESSIONAL STANDARDS
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<strong>DRIVING</strong> <strong>PROFESSIONAL</strong> <strong>STANDARDS</strong><br />
2015 MII PROGRAMME DIRECTORY<br />
MARINE<br />
INSURANCE<br />
The Marine Insurance courses provide participants<br />
the required knowledge and understanding of the<br />
subject matter and the opportunity to apply their<br />
learning to work-based experience.<br />
Title<br />
Venue<br />
Who Should<br />
Attend<br />
Pre-Requisite<br />
Key Learning<br />
Outcomes<br />
Key Course<br />
Contents<br />
1.23 Foundation Course in Marine Cargo Insurance (Updated)<br />
Duration<br />
Time<br />
2 Days 9.00 am to 5.00 pm<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
• New Entrants – relating to insurance<br />
• Insurance industry personnel with 1 to 2 years experience<br />
• Anyone who requires basic knowledge on marine cargo insurance<br />
• Basic understanding of insurance<br />
• Those handling or carrying out tasks relating to marine cargo insurance<br />
• Roles and responsibility involving in marine cargo insurance<br />
• Basic spoken and written English<br />
At the end of the course, participants would be able to:<br />
• Understand the concept and development of marine insurance<br />
• Identify the principles applicable to marine cargo insurance<br />
• Understand the difference between the various types of marine cargo policy<br />
• Appreciate the purpose of Incoterms and Sales Contract<br />
• Understand some basic scope of policy coverage<br />
• Identify basic risk exposure for underwriting consideration<br />
• Understand the claim process and procedure<br />
DAY 1<br />
Session 1<br />
Introduction to Marine Insurance<br />
- Why it is call a marine adventure<br />
- Brief overview of marine insurance history and it’s<br />
development<br />
- International and Malaysian trade practices<br />
Session 2<br />
The basic principles relating to marine cargo<br />
insurance<br />
- Including implied/express warranty<br />
Session 3<br />
Introduction to various types of marine cargo policy<br />
- Including brief overview of basis of valuation and<br />
check insurance duty<br />
Session 4<br />
Brief overview on the purpose of Incoterms 2010 and<br />
Sales Contract<br />
FEES<br />
MEMBER<br />
RM 900<br />
GROUP MEMBER<br />
RM 850<br />
NON MEMBER<br />
RM 1,100<br />
GROUP NON MEMBER<br />
RM 1,050<br />
INTERNATIONAL<br />
USD 300<br />
GROUP INTERNATIONAL<br />
USD 280<br />
DAY 2<br />
Session 5<br />
Introduction to revised Institute Cargo Clauses<br />
A, B and C<br />
- Basic coverage and exclusion<br />
- Comparison between the clauses<br />
- Duration of cover (Transit Clause)<br />
Session 6<br />
Introduction to the basic cargo risk assessment<br />
- How to interpret information and underwriting<br />
the risk<br />
Session 7<br />
Introduction to claim process and procedure<br />
- The importance of original claim documents<br />
- Red Clause or Importance Notice<br />
Title<br />
Venue<br />
Who Should<br />
Attend<br />
Pre-Requisite<br />
Key Learning<br />
Outcomes<br />
Key Course<br />
Contents<br />
1.24 Intermediate Course in Marine Cargo Insurance (Updated)<br />
Duration<br />
Time<br />
2 Days 9.00 am to 5.00 pm<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
• Executive and Manager from the insurance industry<br />
• Anyone who wants to learn more about technical marine cargo insurance<br />
• Those who have attended the Foundation course in Marine Cargo Insurance<br />
• Those with at least 2 years experience in marine cargo insurance<br />
• Those in the industry for more than 3 years with exposure in marine cargo insurance<br />
At the end of the course, participants would be able to:<br />
• Identify the principles applicable to marine cargo insurance<br />
• To draft the various types of marine cargo policy<br />
• Understand the purpose and application of Incoterms and Sales Contract and advice client accordingly<br />
• Analysis and interpret the different coverage provided by various institute clauses<br />
• Identify relevant risk exposure for underwriting consideration and prepare quotation<br />
DAY 1<br />
Session 1<br />
Introduction to Marine Insurance Act 1906<br />
- Emphasizing the various sections relating to marine<br />
cargo insurance<br />
Session 2<br />
Policy drafting of the various types of marine cargo<br />
policy<br />
- Including the application of various mandatory<br />
clauses<br />
Session 3<br />
How to compute the actual cargo sum insured<br />
Session 4<br />
Why insurance on duty need to be separately<br />
insured<br />
Session 5<br />
Analysis of all the 11 different types of terms under<br />
Incoterms 2010<br />
FEES<br />
MEMBER<br />
RM 1,200<br />
GROUP MEMBER<br />
RM 1,150<br />
NON MEMBER<br />
RM 1,400<br />
GROUP NON MEMBER<br />
RM 1,350<br />
DAY 2<br />
Session 6<br />
Analysis of the revised Institute Cargo Clauses A, B<br />
and C – 2009<br />
- Including the major differences when comparing<br />
with 1982 clauses<br />
- Brief overview of their respective War and Strikes<br />
Clauses<br />
Session 7<br />
Detail understanding of cargo risk assessment in<br />
marine cargo underwriting, not limited to<br />
- Modes of transit and it’s hazards<br />
- Understand the importance of risk exposure<br />
outside Malaysia<br />
- Application of excess and general exclusions<br />
- Example of technical rating<br />
- Case study<br />
INTERNATIONAL<br />
USD 400<br />
GROUP INTERNATIONAL<br />
USD 380<br />
36 37
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