Overview
Marine cargo insurance plays a vital role in facilitating international trade by protecting goods against loss or damage while in transit. As goods move across oceans, ports, and multiple transport modes, they are exposed to a wide range of risks including theft, damage, natural hazards, and logistical disruptions.
This course provides a practical introduction to marine cargo insurance, focusing on the principles of cargo risk coverage, policy structures, and the responsibilities of insurers, intermediaries, and cargo owners. Participants will develop an understanding of the key risks associated with the transportation of goods and the insurance solutions used to protect cargo during transit.
The programme also explores the role of marine cargo insurance in supporting global trade and managing the risks faced by businesses involved in import and export activities.
Who Should Enrol
This course is designed for professionals involved in marine and commercial insurance, including:
- Insurance underwriters handling marine risks
- Insurance brokers and intermediaries serving importers and exporters
- Insurance agents involved in commercial insurance distribution
- Claims professionals dealing with cargo losses
- Risk and insurance professionals working with logistics and transport exposures
- Professionals seeking to develop knowledge of marine cargo insurance
What You Will Learn
Participants will gain practical knowledge and understanding of:
- The role of marine cargo insurance in international trade
- Key risks associated with the transportation of goods
- Types of marine cargo insurance policies and coverage options
- Policy terms, conditions, exclusions, and extensions
- Claims considerations in marine cargo insurance
- Best practices in managing cargo insurance risks
Learning Pathway
This course forms part of the IIEA E-Academy Learning Pathway Framework™ for Advanced Insurance Professionals, designed to strengthen technical expertise across key areas of insurance practice.
Certification
Participants who successfully complete the course requirements will receive a Certificate of Achievement recognising their successful completion of the programme.
This course complements other marine and transport-related insurance programmes such as:
- Marine Underwriting Management
- Marine Hull Insurance
- Aviation Insurance – Professional Insights
and helps build specialised expertise in transport and logistics insurance risks.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:-
- Describe the conduct of international trade;
- List and outline documents used in international trade;
- Explain the various legal requirements of transit risks; and
- Describe the various charter parties.
Course Outline
- 1.1: Learning Outcomes
- 2.1: International Trade in Relation to Cargo Risks
- 2.2: Overview of Import and Export Business
- 2.3: Global Trading Countries and Trade Routes
- 2.4: Trading Goods
- 2.5: International Commercial Terms 2010 (Incoterms)
- 3.1: Malaysian Legal Environment
- 3.2: Legal Aspects of Carriage of Goods by Sea
- 3.3: Legal Aspects of Carriage of Goods by Road and Rail
- 3.4: Transportation via Barge
- 4.1: Main Cover
- 4.2: Additional Issues Related to Coverage
- 5.1: General Nature of Haulage Contractor’s Liability Cover
- 5.2: Rating Practices of Haulage Contractor’s Liability Policies
- 5.3: Implications of Custody and Control
- 5.4: Risk of Mis-Deliveries
- 5.5: Legal Liability of Haulage Contractors
- 5.6: Legal Relationships
- 6.1: Risk Assessment and Evaluation
- 6.2: Underwriting
- 6.3: Documents Required for Underwriting Consideration
- 7.1: Marine Cargo Claims
- 7.2: Goods-In-Transit Claims
- 8.1: The Role of The Ombudsman for Financial Services
- 8.2: The Role of Forensic Investigators
- 8.3: Malaysian Case Studies of Repudiated Claims
- 9.1: Appendix II – Institute Cargo Clauses (B)
- 9.2: Appendix III – Institute Cargo Clauses (C)
- 9.3: Appendix IV – Institute War Clauses (Cargo)
- 9.4: Appendix V – Institute Strikes Clauses (Cargo)
- 9.5: Appendix VI – Institute Cargo Clauses (Air)
- 9.6: Appendix VII – Institute Classification Clause
