Marine Cargo Insurance Course
300-hour online course in marine cargo insurance. 6 modules covering Institute Cargo Clauses A, B and C (2009), York-Antwerp Rules (2016) and Lloyd’s List Intelligence. Dedicated tutor and open enrolment.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Identify the parties, documents and risks affecting cargo in maritime transit.
Compare the cover provided by the Institute Cargo Clauses A, B and C.
Determine the insurable interest and sum insured for a voyage.
Apply the rules on general average and salvage.
Manage a cargo claim from survey through to subrogation.
Distinguish cargo cover from the liability covered by P&I.
Prepare an underwriting proposal for a portfolio of marine cargo risks.
Who it's for
- Marine cargo underwriter wishing to specialise in marine cargo transit insurance.
- Average surveyor wishing to specialise in marine cargo transit insurance.
- Cargo claims manager wishing to specialise in marine cargo transit insurance.
- Average adjuster wishing to specialise in marine cargo transit insurance.
- Transport insurance broker wishing to specialise in marine cargo transit insurance.
- Exporter’s insurance manager wishing to specialise in marine cargo transit insurance.
- Graduates in engineering or science looking to enter marine insurance.
What you'll work with
- Institute Cargo Clauses A, B and C (2009)
- York-Antwerp Rules (2016)
- Hague-Visby Rules
- Hamburg Rules (1978)
- Law 14/2014 on Maritime Navigation
- Marine Insurance Act 1906
- Incoterms 2020
6 modules · 300 h
1.1Shipper, carrier, freight forwarder and insurer: who is liable for what1.2Bill of lading, sea waybill and charter party1.3Incoterms and transfer of risk: who insures and up to where1.4Perils of the sea: heavy weather, wetting, stranding and sinking1.5Handling risks: poor stowage and falls during loading and discharge1.6Container risks: condensation, contamination and seal breakage1.7Refrigerated, bulk and project cargo: specific features1.8Routes, ports and zones of increased risk1.9Piracy, war and strikes: where these risks fall1.10Analysis of a real trade and its critical points
2.1Structure of the Institute Cargo Clauses and their place in the market2.2Clause A: scope of all-risks cover2.3Clauses B and C: named perils and practical differences2.4Common exclusions: insufficient packing, inherent vice and delay2.5Duration clause: warehouse to warehouse and its limits2.6Termination of the contract of carriage and diversion of route2.7Unseaworthiness and unfitness of the vessel2.8War and strikes clauses as separate covers2.9Spanish policy wording versus Institute Clauses: comparative reading2.10Choosing a clause for three different shipments
3.1Insurable interest and standing to claim3.2Sum insured: invoice, freight, duties and expected profit3.3Under-insurance, over-insurance and the proportional rule3.4Voyage policies, floating policies and annual open policies3.5Declaration of shipments and consequences of omission3.6Deductibles and minimums per shipment3.7Currencies, exchange rates and adjustments3.8Increase of risk and duty to notify3.9Premium calculation: rate, exposure and historical loss experience3.10Workshop on calculating sums insured and premiums
4.1Particular average and general average: concept and difference4.2York-Antwerp Rules: act and adjustment4.3General average contribution and security required from the cargo owner4.4Salvage: contract, remuneration and special compensation4.5Salvage expenses for the vessel and cargo4.6The average adjuster: role and documentation required4.7Particular charges and expenses to avoid or minimise loss4.8Abandonment and constructive total loss4.9Claiming general average contribution from the cargo insurer4.10Practical case: fire on board and general average adjustment
5.1First steps on discovering damage: protest and reservation of rights5.2Joint survey and appointment of a surveyor5.3Documentation: bill of lading, invoice, packing list and damage report5.4Time limits against the carrier and against the insurer5.5Quantification: repair, depreciation and sale of salvage5.6Refrigerated cargo damage: reading temperature records5.7Shortages and weight losses: tolerances and proof of weight5.8Payment, letter of subrogation and recovery against the liable party5.9Limits of the ocean carrier: Hague-Visby, Hamburg and Rotterdam Rules5.10Practical case: wet container, full claim
6.1Minimum information needed to underwrite a cargo programme6.2Underwriting by trade: goods, route, packing and logistics operator6.3Cargo insurance and freight forwarder liability: how they complement each other6.4P&I clubs: what they cover and what they exclude6.5Hull and machinery insurance: interface with cargo6.6Reinsurance and capacity for project shipments6.7Prevention: packing, stowage, lashing and choice of operators6.8Loss indicators and programme dashboard6.9Renewal and negotiation with the market6.10Final project: cargo insurance programme for an exporter
How you'll learn
Fully online training on the SEIUM campus, with downloadable material, recorded lectures and a dedicated technical tutor. No fixed timetable: students progress at their own pace within the intake, which makes it possible to combine study with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Lloyd’s List Intelligence, MarineTraffic, Advanced Excel, Guidewire ClaimCenter, in free, academic or evaluation versions. Case studies are based on real survey procedures for a damaged container cargo, and on calculation of the sum insured and of CIF value plus expected profit. Assessment is continuous per module plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Identify the parties, documents and risks affecting cargo in maritime transit.
Compare the cover provided by the Institute Cargo Clauses A, B and C.
Determine the insurable interest and sum insured for a voyage.
Apply the rules on general average and salvage.
Manage a cargo claim from survey through to subrogation.
Where this takes you
Requirements
- No prior qualification required.
- Internet connection and a computer capable of running the programme’s software.
- Spanish language proficiency sufficient to follow technical regulatory texts.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You will work with Lloyd’s List Intelligence, MarineTraffic, Advanced Excel and Guidewire ClaimCenter. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
An SEIUM diploma upon passing the continuous assessment and the final integrating project. It is in-house training, not an official qualification from the Ministry.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised towards the advanced programme. Check the credit transfer policy when you enrol.
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