MARINE & ENERGY SERIES
UNDERWRITING PROJECT CARGO INSURANCE 14 CPD Hours
For Whom •
Underwriters and Claims Practitioners in Insurance and Reinsurance companies; as well as Insurance and Reinsurance Brokers with 18 months to 3 years of experience in Marine Insurance.
9.00am to 5.00pm
Project Owners responsible for insurance placements and Practitioners interested in gaining an understanding of how Project Cargo Insurance is underwritten.
1 & 2 Jul 2019
Programme Highlights REGISTER NOW @ www.scicollege.org.sg
This 2-day programme covers the underwriting of Project Cargo Insurance (including DSU/ALOP). Inception-feasibility studies including but not limited to site/locations and feasibility of transporting complex prototype heavy equipment - to its final positioning and testing will be dealt with exhaustively during this programme. Detailed information will be shared relating to the full aspects of understanding and formulating a cargo programme for cargo material damage in Section 1 and DSU/ALOP in Section 2 of the policy. The underwriting, risk management (monitoring of the critical items) and claims aspects will be deliberated.
Key Learning Outcomes
By the end of the course, the participants will be able to:
What is infrastructure projects and the stakeholders’ threat?
Understand the different wordings in projects.
Role and responsibilities of stakeholders.
Able to define critical items and its effect to the project time line.
The lending requirement of projects.
Understand the definition of critical items and the importance of marine warranty surveys.
Feasibility studies & impact analysis.
Handle dispute resolution in MWS.
Types of DSU Wordings.
Review underwriting conditions and considerations including ratings for Material damage and DSU /ALOP.
Supply chain in the movement of goods.
Definition of critical items.
Compare Project Underwriting in the 1990’s versus the current market.
Role of Marine Warranty Survey (proactive vs reactive).
Loss Control / Risk Management vs Loss Assessment.
Dispute resolution in MWS.
Claims process and procedures.
Project underwriting: Clauses, Rates & DSU calculations.
Underwriting considerations and expertise.
$432.63 (After 50% MCF* Grant)
$475.89 (After 50% MCF* Grant)
Maritime Cluster Fund (MCF) * Subject to terms and conditions.
Marina Mandarin, Singapore
ADMINISTRATIVE INFORMATION FOR TECHNICAL TRAINING PROGRAMMES Registration Policy
Maritime Cluster Fund (MCF)
Registrations should be made online at www.scicollege.org.sg. Before registering, participants should refer to the “For Whom” section of the respective Programmes, to ensure that they meet the recommended experience and programme prerequisites. A good command of English language is essential. The SCI reserves the right to reject any participant who does not meet the recommended experience and programme prerequisites.
MCF Training Grant is available for eligible participants. Please refer to www.mpa.gov.sg/mcf for information.
SCI will only confirm the programme and will send a Programme Confirmation E-mail to participants (at the e-mail address as provided in the Registration Form) once the minimum enrolment for the programme has been met or one month before the programme commencement date, whichever is earlier, and provided that the full payment has been received. If the programme is cancelled or postponed, SCI will notify participants by email one month before the programme commencement date. SCI reserves the right to make changes to the programme details owing to unforeseen circumstances. Accommodation for Overseas Participants Overseas participants are required to book the accommodation using the hotel booking form (a copy of which can be found in our website and participants are advised to download the correct form according to the hotel of their choice) and make the accommodation payment directly to the hotel.
MCF-Manpower is available for the development of manpower, training initiatives and capabilities within the maritime industry. Accessible to companies and company supported individuals within the maritime sector, the fund focuses on developing and enhancing the pertinent skills of employees. Attendance Policy Participants must attain a minimum 75% attendance for the programme to be awarded with the Certificate of Attendance (COA). CPD Hours CPD hours awarded by SCI are recognised by GIA for fulfilling the CPD requirements set out under the GIA’s Guidelines on Continuing Professional Development. Withdrawal / Postponement Policy Please refer to the SCI website at: https://www.scicollege.org.sg for the respective programmes.
Overseas participants should book their accommodation and air tickets ONLY after they have received the Programme Confirmation E-mail from the SCI.
Singapore College of Insurance Limited 9 Temasek Boulevard #14-01/02/03 Suntec Tower Two, Singapore 038989 General Enquiry: (+65) 6221 2336 Fax: (+65) 6220 6684 E-mail: [email protected]
Website: www.scicollege.org.sg CPE Registration No.: 199408491M Period of CPE Registration: From 26 September 2015 to 25 September 2019