Masters

OINS6216 ICT Applied to Insurance

Masters

OINS6214 Reinsurance

Masters

OINS6212 Advanced Insurance Claim Management and Litigation

Masters

OINS6210 Insurance Corporate Management

Masters

OINS6208 Cargo and Hull Insurance

CARGO AND HULL INSURANCE

Prof KELESE / Dr TANKEU

COURSE OBJECTIVES :

To develop in the candidate ;

-A knowledge and understanding of the legal principles of cargo and hull insurance

-An understanding the coverage under different policies ;

-A knowledge and understanding the types of policies ; and

-A knowledge and understanding the procedures and documents for filing insurance claims.

LEARNING OUTCOMES :

At the end of this course, students should be able to:

Be aware of the principles of marine insurance

2.      Describe the need of cargo insurance in international business ;

3.      explain various kind of perils covered by the cargo and hull insurance policy;

4.      explain various types of losses;

5.      explain coverage under different policies;

6.      describe the types of policies; and

7.      explain the procedures and documentsfor filing insurance claims.

 

GENERAL INTRODUCTION

Part- 1- CARGO INSURANCE

Chapter 1-

1-1-Need for cargo insurance

1-2-Nature of cargo insurance policy

1-3- Principles of cargo and hull insurance

1-4- Insured amount or sum

Chapter 2- KINDS OF PERILS AND COVER

2-1- Kinds of perils

2-2- Types of cover

Chapter 3- TYPE OF COVER AND POLICIES

3-1- Type of cover

3-1- Type of policies

Chapter 4- COST OF MARINE CARGO INSURANCE : RATING IN MARINE CARGO INSURANCE

Chapter 5 - DURATION OF THE COVERAGE : COMMENCEMENT AND TERMINATION

Chapter 6 - TYPES OF LOSSES

6-1- Total loss

6-2- Particular loss

6-3- Exclusion clauses

6-4- Recoverable expenses

Chapter 7 - CARGO INSURANCE CLAIM SETTLEMENT

7-1- Duties of the insured

7-2- Filing claims

7-3- Documents for claims

7-4- Duties of the insurer

7-5- The process of dealing with claims

Part- 2- HULL INSURANCE

Chapter 8- SUBJECT MATTER INSURED : TYPES OF VESSEL

Chapter 9 - TYPES OF COVER, TIME AND PLACE OF THE INSURANCE

9-1 - All risks cover

9-2- Time and place of the insurance

Chapter 10 - DUTIES OF THE ASSURED

10-1- Obligation of classifcation of the vessel

10-2- Dutie of disclosure

10-3- Premium payment provisions

10-4- Obligation for preservation of recovery rights

10-5- Preventive and mitigation measures

10-6- Sue and labour

10-7- Obligation of surveys and repairs

10-8- Obligation for provision of security

Chapter 11 – HULL INSURANCE CLAIM SETTLMENT

11-1- Proof of damage to, or loss of, the ship : onus of proof

 11-2- Type of hull insurance claim settlement

 

Masters

OINS6206 Property and Pecuniary Insurance

Masters

OINS6204 Insurance of Persons

Masters

OINS6202 Automibile Insurance