Module 1: Foundations of Marine Insurance and Its Role in Global Trade

• What Marine Insurance Is and Why It Matters to Trade
• Key Terms and the Language of Marine Cover
• The Origins and Evolution of Marine Insurance
• Core Principles: Utmost Good Faith, Insurable Interest, Indemnity, and Subrogation

Module 2: The Global Marine Insurance Market and the Role of Lloyd's

• Structure of the Marine Insurance Market: Insurers, Brokers, and Buyers
• Lloyd's of London and the Subscription Market
• P&I Clubs and Mutual Insurance
• Reinsurance and the Spreading of Marine Risk

Module 3: Marine Insurance Principles, Insurable Interest, and Indemnity in Depth

• Insurable Interest and When It Must Exist
• The Doctrine of Utmost Good Faith and Disclosure Duties
• Measure of Indemnity, Sums Insured, and Valuation
• Subrogation, Contribution, and Double Insurance

Module 4: Selecting and Interpreting Marine Insurance Policies

• Types of Marine Insurance: Aligning Coverage with Risk
• Understanding the Institute Cargo Clauses (A, B, and C)
• Policy Forms: Open Cover versus Specific Policies
• Special Clauses: War, Strikes, and Additional Perils

Module 5: Marine Cargo Underwriting and Premium Rating

• The Underwriting Process from Submission to Bind
• Rating Factors: Commodity, Voyage, Vessel, and Packing
• Deductibles, Sums Insured, and Coverage Limits
• Loss History, Data, and Actuarial Pricing

Module 6: Hull and Machinery, Freight, and Protection and Indemnity Cover

• Hull and Machinery Insurance Fundamentals
• Institute Time and Voyage Clauses for Hulls
• Freight, Loss of Hire, and Increased Value Cover
• Protection and Indemnity (P&I) Liabilities

Module 7: Maritime Risk Assessment and Loss Prevention Strategies

• Risk Categories in Maritime Operations
• Risk Assessment Frameworks and Mitigation Strategies
• Business Continuity Planning in Shipping
• Common Causes of Cargo Damage

Module 8: Professional Handling of Marine Insurance Claims

• Key Loss Types: Total Loss, Partial Loss, and General Average
• The Marine Claims Handling Process Step by Step
• The Critical Role of Documentation and Evidence
• Surveyors and Their Independent Role in Claims

Module 9: General Average, Salvage, and Marine Surveying in Practice

• The Principle of General Average and the York-Antwerp Rules
• Average Adjustment and Cargo Contributions
• Salvage, the LOF Contract, and the SCOPIC Clause
• The Marine Survey: Types, Method, and Reporting

Module 10: Legal Foundations and Contracting in Maritime Trade

• Setting the Legal Stage for Global Trade
• The Nature and Scope of Mercantile Law
• Building Robust International Trade Contracts
• Drafting Key Clauses and Avoiding Disputes