Session 1
The attendees will be introduced to shipyards and shipbuilding. They will also be informed about the risks involved and how these are factored into the rate charged for insuring a ship which is to be built.
Session 2
This session covers the different functions that tugs, barges, and offshore support vessels are capable of performing. It will also cover the unique risks for each vessel type that the underwriter must consider.
Session 3
An understanding of tankers, bulk carriers, container vessels, and large offshore working vessels is the focus of this session. It covers the work these vessels do, the unique risks connected to each vessel, and why they’re important to the underwriter.
Session 4
This session is a more technical approach to the rating for Hull & Machinery risks. Since there are no published rating guides for Hull & Machinery, key factors that contribute to the rate are explained and examples are presented to demonstrate how a rate is calculated.
Session 5
The attendees will be taken through the Institute Time Clause and given practical examples of how the clauses are applied to real life loss situations.
Session 6
This session looks at the various exposures presented by large and small passenger vessels then it moves on to the concept of General Average and how it operates. Then, it covers the Sue & Labor clause, Salvage Contracts, and how the Lloyd’s Open Form “No cure, No pay” concept works.
Session 7
The attendees will be introduced to dredgers and the high-tech and low-tech methods of dredging. Then, vessel classification and surveys will be discussed, highlighting why they are important, before learning about the issues arising from a “seaworthiness” warranty that is not worded carefully.