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Master’s in Multimodal Transport Underwriting Engineering

Online master's programme of 1,900 hours in multimodal transport underwriting engineering, structured in 12 modules covering transport law, cargo clauses, Incoterms, risks by transport mode, cargo underwriting and rating, claims and general average, logistics operators' liability, accumulations and data, with an assigned technical tutor.

Duration1900 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute diploma
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Learning outcomes

What you will be able to do

01

Analyse the legal framework of multimodal transport.

02

Apply cargo insurance clauses.

03

Relate Incoterms to insurable interest.

04

Assess risks by transport mode.

05

Underwrite and rate transport policies.

06

Manage claims, recoveries and general average.

07

Control accumulations and make use of tracking data.

Profile

Who it's for

  • Transport underwriters.
  • Cargo surveyors.
  • Marine claims adjusters.
  • Transport insurance brokers.
  • Logistics risk managers.
  • Accumulation analysts.
  • Engineering or science graduates seeking to enter the insurance sector.
Standards & tools

What you'll work with

  • Institute Cargo Clauses (2009) (standard London market cargo cover)
  • CMR Convention (international carriage of goods by road)
  • Hague-Visby Rules (carriage of goods by sea)
  • Montreal Convention 1999 (international carriage by air)
  • Law 14/2014 on Maritime Navigation (Spanish maritime law)
  • Law 15/2009 (Spanish contract for the carriage of goods by land)
  • York-Antwerp Rules 2016 (general average)
  • Incoterms 2020 (international trade terms)
  • R
  • Python with pandas
  • Microsoft Power BI
  • MarineTraffic
Syllabus

12 modules · 1900 h

  1. 1.1History of marine insurance
  2. 1.2Cargo, hull and liability lines
  3. 1.3Multimodal transport and its risks
  4. 1.4Spanish and international markets
  5. 1.5Lloyd's and the London market
  6. 1.6The role of the transport underwriter
  7. 1.7Specialist transport brokers
  8. 1.8World trade trends
  9. 1.9Profitability of the line
  10. 1.10Case study: portfolio of a cargo underwriter
  1. 2.1CMR Convention for road transport
  2. 2.2Hague-Visby Rules
  3. 2.3Hamburg Rules
  4. 2.4Montreal Convention for air transport
  5. 2.5COTIF-CIM rail convention
  6. 2.6Spanish Maritime Navigation Act
  7. 2.7Spanish Land Transport Contract Act
  8. 2.8Carrier liability limits
  9. 2.9Multimodal transport and documents
  10. 2.10Laboratory: carrier liability in a multimodal shipment
  1. 3.1Institute Cargo Clauses A, B and C
  2. 3.2War and strikes clauses
  3. 3.3Warehouse-to-warehouse cover
  4. 3.4Common cover exclusions
  5. 3.5Floating and open policies
  6. 3.6Insured value and underinsurance
  7. 3.7Spanish transport policy wordings
  8. 3.8Special clauses by commodity
  9. 3.9Drafting particular conditions
  10. 3.10Practical exercise: comparative analysis of clauses A and C
  1. 4.1Incoterms 2020 rules
  2. 4.2Transfer of risk
  3. 4.3Obligation to insure
  4. 4.4Documentary credit and insurance
  5. 4.5Transport documents
  6. 4.6Customs and delays
  7. 4.7Sanctions and export controls
  8. 4.8Implications for the underwriter
  9. 4.9Common mistakes in choosing terms
  10. 4.10Case study: insurable interest by Incoterm
  1. 5.1Risks of containerised sea transport
  2. 5.2Bulk and general cargo
  3. 5.3Road transport risks
  4. 5.4Cargo theft on the road
  5. 5.5Rail transport risks
  6. 5.6Air transport risks
  7. 5.7Terminals and intermediate warehouses
  8. 5.8Refrigerated cargo risks
  9. 5.9Transport of dangerous goods
  10. 5.10Practical exercise: risk matrix for a multimodal chain
  1. 6.1Information needed to underwrite
  2. 6.2Type of goods and packaging
  3. 6.3Routes and high-risk countries
  4. 6.4Claims history
  5. 6.5Loss prevention and stowage
  6. 6.6Inspections and cargo surveyors
  7. 6.7Accumulations in ports and warehouses
  8. 6.8Limits by means of transport
  9. 6.9Underwriting guides
  10. 6.10Laboratory: underwriting guide for consumer electronics
  1. 7.1Rating bases for the line
  2. 7.2Rates by commodity and route
  3. 7.3Experience rating
  4. 7.4Minimum premiums and deductibles
  5. 7.5Statistical models in transport insurance
  6. 7.6Shipment tracking data
  7. 7.7Rating floating policies
  8. 7.8Market competition
  9. 7.9Profitability by segment
  10. 7.10Practical exercise: rating a floating policy
  1. 8.1Handling cargo claims
  2. 8.2Damage surveying
  3. 8.3General average and the York-Antwerp Rules
  4. 8.4Maritime salvage and awards
  5. 8.5Recoveries from carriers
  6. 8.6Time limits for claims
  7. 8.7Fraud in transport insurance
  8. 8.8Major loss management
  9. 8.9Claims indicators
  10. 8.10Case study: adjustment of a general average
  1. 9.1Freight forwarder liability
  2. 9.2Multimodal transport operator liability
  3. 9.3Carrier's liability insurance
  4. 9.4Warehouse keepers' liability insurance
  5. 9.5Protection and indemnity clubs
  6. 9.6Contractual liability limits
  7. 9.7FIATA conditions
  8. 9.8Errors and omissions cover
  9. 9.9Underwriting operators
  10. 9.10Practical exercise: underwriting a logistics operator
  1. 10.1Accumulations in ports
  2. 10.2Natural catastrophes at terminals
  3. 10.3Ultra-large container ships
  4. 10.4Port explosions
  5. 10.5Accumulation modelling
  6. 10.6Reinsurance of the transport line
  7. 10.7Supply chain interruption risks
  8. 10.8Geopolitical risks on routes
  9. 10.9Stress testing
  10. 10.10Case study: accumulation at a major European port
  1. 11.1Container tracking
  2. 11.2Temperature and shock sensors
  3. 11.3Vessel AIS data
  4. 11.4Digital insurance platforms
  5. 11.5Parametric delay insurance
  6. 11.6Electronic transport documents
  7. 11.7Underwriting automation
  8. 11.8Cyber risks in logistics
  9. 11.9Innovation in the line
  10. 11.10Laboratory: route analysis with AIS data
  1. 12.1Selection of the client and logistics chain
  2. 12.2Legal analysis of the chain
  3. 12.3Risk map
  4. 12.4Cover proposal
  5. 12.5Rating the proposal
  6. 12.6Accumulation management
  7. 12.7Loss prevention plan
  8. 12.8Profitability analysis
  9. 12.9Thesis report
  10. 12.10Master's Thesis: defence before a panel
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within the intake, so the programme can be combined with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is R, Python with pandas, Microsoft Power BI and MarineTraffic, in free, academic or evaluation versions. Testing is studied through real procedures for underwriting floating policies, analysing port accumulations and adjusting cargo claims. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: Institute Cargo Clauses (2009), CMR Convention, Hague-Visby Rules, Montreal Convention 1999, Law 14/2014 on Maritime Navigation, Law 15/2009, York-Antwerp Rules 2016, Incoterms 2020.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of the Institute Cargo Clauses, the CMR Convention and the Hague-Visby Rules applied to real cases, not as a theoretical annex.
Industry software:R, Python with pandas, Microsoft Power BI and MarineTraffic, in free, academic or evaluation versions.
Master's Thesis with defence:a complete insurance programme for a real client's multimodal logistics chain, with legal analysis, risk map, covers, rating, accumulation management and profitability analysis, defended before a panel.
Flexible format:100% online, no fixed timetables, compatible with full-time work.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Legal chain analysis
Determine carrier liability and insurable interest by Incoterm in a multimodal shipment.
Risk and cover assessment
Build a risk matrix for a multimodal chain and compare Institute Cargo Clauses A and C.
Underwriting and rating
Draft an underwriting guide and rate a floating policy.
Claims and accumulation
Adjust a general average and assess the accumulation at a major European port.
Master's Thesis
Design and price an insurance programme for a real multimodal logistics chain, defended before a panel.
Career opportunities

Where this takes you

Transport underwriterCargo surveyorMarine claims adjusterTransport insurance brokerLogistics risk managerAccumulation analyst
Admissions & scholarships

Requirements

  • University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
  • Internet connection and a computer capable of running the programme's software.
  • English sufficient to read technical standards.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

Apply now Scholarships
FAQ

Frequently asked questions

The programme totals 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.

You work with R, Python with pandas, Microsoft Power BI and MarineTraffic, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.

A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.

Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.

A university degree in engineering, science or architecture (or equivalent professional experience), a computer able to run the software and English sufficient to read technical standards.

Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.

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