Overview
This course provides a complete and practical grounding in Marine Cargo Insurance, guiding learners through the full spectrum of cargo, transit, and logistics risk management in international and domestic trade. Drawing on global best practice and industry standards, the course examines how goods move across borders, the risks involved, and the insurance mechanisms designed to protect cargo owners, carriers, and intermediaries.
Learners explore the foundations of international trade, Incoterms, key shipping routes, and the unique risks affecting various categories of goods. The course also introduces the legal frameworks that govern cargo movement—including the Marine Insurance Act 1906, Hague-Visby Rules, Hamburg Rules, CMR and CIM conventions—and demonstrates how these laws shape liabilities, claims, and underwriting decisions.
A substantial portion of the course focuses on the scope of cover, market practices, and application of the Institute Cargo Clauses (A, B, C), Institute War and Strikes Clauses, and related extensions. Learners gain insight into practical underwriting considerations including valuation, voyage conditions, accumulation, risk profiling, and documentation requirements. The course then delves into the claims environment, examining notification procedures, surveyor roles, adjustment of losses, documentation handling, and common grounds for claims repudiation.
Through case studies, real-world examples, review questions, and industry-aligned scenarios, learners build a strong competency in evaluating cargo risks, applying appropriate cover, handling claims, and navigating the complex interface between trade, law, carriage, and insurance.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:-
By the end of this course, you should be able to:-
- Explain the structure and mechanisms of international trade and identify the cargo risks associated with global and domestic movement of goods, including sea, air, and inland transit exposure;
- Interpret key legal frameworks governing marine cargo—including the Marine Insurance Act 1906, Hague-Visby Rules, Hamburg Rules, and road and rail conventions (CMR, CIM)—and apply them to liability, carriage, and claims situations;
- Analyse the scope of cover provided under Institute Cargo Clauses (A, B, C), War and Strikes Clauses, and common extensions, and determine their application in different trading and risk scenarios.;
- Differentiate between types of cargo, goods categories, and risk profiles, and assess how factors such as packaging, routing, conveyance, and Incoterms influence the assessment and transfer of risk;
- Apply core underwriting principles to marine cargo and inland transit business, including evaluation of the assured, basis of valuation, voyage conditions, accumulation issues, and premium rating considerations;
- Describe and execute cargo claims handling procedures, including notification requirements, documentation assessment, roles of surveyors and adjusters, and calculation of partial, total, and constructive total losses;
- Identify common causes of claims repudiation and evaluate real case examples to understand how policy terms, exclusions, insufficient evidence, or breach of conditions affect coverage outcomes; and
- Integrate end-to-end knowledge of trade, legal, underwriting, and claims processes to provide sound practical judgment in managing marine cargo risks, designing appropriate coverage solutions, and supporting clients in logistics and cargo movements.
Course Outline
- 1.1: Learning Outcomes
- 2.1: International Trade in Relation to Cargo Risks
- 2.2: Overview of Import and Export Business
- 2.3: Global Trading Countries and Trade Routes
- 2.4: Trading Goods
- 2.5: International Commercial Terms 2010 (Incoterms)
- 3.1: Malaysian Legal Environment
- 3.2: Legal Aspects of Carriage of Goods by Sea
- 3.3: Legal Aspects of Carriage of Goods by Road and Rail
- 3.4: Transportation via Barge
- 4.1: Main Cover
- 4.2: Additional Issues Related to Coverage
- 5.1: General Nature of Haulage Contractor’s Liability Cover
- 5.2: Rating Practices of Haulage Contractor’s Liability Policies
- 5.3: Implications of Custody and Control
- 5.4: Risk of Mis-Deliveries
- 5.5: Legal Liability of Haulage Contractors
- 5.6: Legal Relationships
- 6.1: Risk Assessment and Evaluation
- 6.2: Underwriting
- 6.3: Documents Required for Underwriting Consideration
- 7.1: Marine Cargo Claims
- 7.2: Goods-In-Transit Claims
- 8.1: The Role of The Ombudsman for Financial Services
- 8.2: The Role of Forensic Investigators
- 8.3: Malaysian Case Studies of Repudiated Claims
- 9.1: Appendix II – Institute Cargo Clauses (B)
- 9.2: Appendix III – Institute Cargo Clauses (C)
- 9.3: Appendix IV – Institute War Clauses (Cargo)
- 9.4: Appendix V – Institute Strikes Clauses (Cargo)
- 9.5: Appendix VI – Institute Cargo Clauses (Air)
- 9.6: Appendix VII – Institute Classification Clause
