Are you an aspiring shipbroker, a seafarer transitioning ashore, or a maritime professional looking to understand marine insurance in depth?
The Marine Insurance Tutorship by Sea and Beyond, conducted by Capt. Naresh Kumar, is a comprehensive video-based learning programme designed to help maritime professionals develop a clear and practical understanding of marine insurance and its role in global shipping.
Delivered through 10 detailed video chapters, this course simplifies complex marine insurance concepts using practical explanations, structured learning, and real-world shipping examples. The programme provides a strong conceptual foundation and practical insights into marine insurance practices used across the maritime industry.
What You Will Learn
Fundamentals of Marine Insurance
Build a strong foundation in marine insurance, including the historical development of the London insurance market and Lloyd’s of London, which shaped modern marine insurance practices.
Key Players and Policy Formation
Understand the roles and responsibilities of insurers, brokers, assureds, and underwriters, along with the complete process of marine insurance policy formation.
Core Principles of Marine Insurance
Develop a detailed understanding of the core principles that govern marine insurance, including:
- Particular Average
- Total Loss declarations
- Sue & Labour charges
- Measures of indemnity
These concepts are explained clearly with practical shipping examples.
Advanced Marine Insurance Topics
Explore advanced areas of marine insurance including:
- Third-party and collision liability
- General Average
- Different types of marine insurance policies
- Floating policies
- Open cover policies
These modules help participants understand how insurance supports commercial shipping operations.
Essential Clauses and Claims
Gain detailed knowledge of important marine insurance clauses, including:
- Cargo clauses
- War clauses
- Time and voyage policies
- International Hull Clauses
- Claims provisions and strike clauses
These topics are essential for understanding real-world insurance coverage and dispute handling.
Bonus Content: Marine Insurance Legal Frameworks
To strengthen legal understanding, the course includes additional modules covering important marine insurance laws and conventions such as:
- York Antwerp Rules 1994
- Marine Insurance Act 1906
- Gambling Policies Act 1909
- Institute Malicious Damage Clause
- Classification Clauses 2001
These frameworks are crucial for understanding how marine insurance policies operate within international maritime law.
Who This Course Is For
- Aspiring shipbrokers and chartering professionals
- Seafarers planning a transition to shore-based roles
- Maritime professionals seeking practical knowledge of marine insurance
- Anyone interested in understanding insurance practices within the shipping industry
Learning Outcomes
- By the end of this programme, participants will:
- Develop a strong understanding of marine insurance principles and practices
- Gain clarity on policy formation, clauses, and claims handling
- Understand key legal frameworks affecting marine insurance
- Build the knowledge required to pursue professional opportunities in maritime insurance and shipping
Sea and Beyond
At Sea and Beyond we strive for authenticity and honesty in our work. Our mission is to help “You take a well informed decision” and we try and support you through our various services like
- Mentoring
- Skill enhancement/Education
- Job Opportunities and
- Your branding (CV and LinkedIn preparation)
We have a team of writers who conduct thorough research to ensure the accuracy of the content and for the clarity in communication. We will be happy to support you wherever required
Rating:
Price:
₹ 14999
Language:
Length:
11:14:00
Intended for:
Seafarer, Ship Broker, Maritime Professional
Reference:
Topics:
12 Sections . 46 lectures . 11h 14m total length
19 min
1.1 Chapter 1 | Introduction to Marine insurance
Introduction to Marine insurance, Basics of the Marine Insurance, Need of Marine Insurance, Credit System, Global Marine insurance market
18 min
1.2 Chapter 1 | Evolution of Marine Insurance
Evolution of Marine Insurance in London, Reinsurance market in London, Key Players in London insurance market, P&I Clubs-Key Characteristics
16 min
1.3 Chapter 1 | Role of Marine Insurance Brokers
ISM and ISPS Code-Overview, Role of Marine Insurance Brokers, London market Associations
13 min
2.1 Chapter 2 | Marine Insurance Act 1906, Insurance act 2015
Marine Insurance Act 1906, Historical context, Key provisions of act, Overview of Insurance act 2015, Differences between 1906 and 2015 Acts
23 min
2.2 Chapter 2 | Role of Brokers, MRC or Policy slip
Effecting Marine Insurance, Role of Brokers, Original slip- Process steps, Broker’s cover note, MRC or Policy slip, Quote negotiations, Policy signing Process, Insurance certificates, accuracy of documents and consequences of errors
12 min
2.3 Chapter 2 | Premiums and Brokerages
Understanding Premiums and Brokerages, Responsibilities regarding Premiums, Brokerage fees and discounts, Deferred premiums/ additional premiums
25 min
2.4 Chapter 2 | Insurable Interest, Assignment of Policies
Insurable Interest, Establishing Insurable Interest, Assignment of Policies, Interest in Marine Insurance, Policy Proof of Interest (PPI), Contract of Sale (FOB,CFR, CIF)
26 min
3.1 Chapter 3 | Insurance Law, Voyage and time Insurance policies
Principles involved in Marine Insurance, Utmost good Faith, Understanding warranties in Insurance Law, Representation/Misrepresentation, Express and Implied Warranties, Seaworthiness, Voyage and time Insurance policies
26 min
3.2 Chapter 3 | Time & Voyage Insurance, Proximate Cause
Time and Voyage Insurance, Key legal provisions, Concept of delays, Excuses of delays in law, Policy coverage for Transhipment, Proximate Cause, Marine Insurance Liability, Case studies
20 min
3.3 Chapter 3 | Risk in Cargo Insurance, Statutory Exclusions
Extraneous risks in cargo Insurance, Concept of risk, Statutory Exclusions, wilful misconduct, delays, Other exclusions
14 min
3.4 Chapter 3 | Breach of Warranty, Impact of repealing
Perils Not covered, remedies for breach of warranty, Impact of repealing, Practical examples and scenarios
25 min
4.1 Chapter 4 | Excess and Deductibles, Constructive total loss
Particular Average, Excess and Deductibles, Total Loss, Constructive total loss, Ademption of loss, Case study, Merger of loss
10 min
4.2 Chapter 4 | Marine Insurance Policy, MAR policy
Marine Insurance Policy, Historical practices, MAR policy form 1982, comparison with other forms
13 min
4.3 Chapter 4 | Forms of Insurance Policies
Different forms of Insurance policies, Time Policy, Voyage Policy, Mixed Policy, Open Policy, Floating Policy, Construction Policy
14 min
4.4 Chapter 4 | Valued and Unvalued Policy, Franchises
Insured Values, Valued and Unvalued Policy, Ships & Goods (SG) policy, Franchises, Excess and deductibles, Practical Examples
16 min
5.1 Chapter 5 | Measure of Indemnity, Total and Partial loss
Measure of Indemnity, examples with Total and Partial loss, Partial loss of freight, Partial loss of goods, Salvage Loss
14 min
5.2 Chapter 5 | Sue & Labour Charges, Essential features
Sue & Labour charges, Essential features, Examples, Particular charges, comparison
9 min
5.3 Chapter 5 | Salvage Principles and Charges, Salvage awards
Salvage & Salvage Charges, Principles of Salvage awards, Life salvage, Liens & claims for freight
19 min
5.4 Chapter 5 | Salvage Agreements and Types of Claims
Services in Nature of Salvage, Salvage agreements, Valuation & Limitations for Salvage, Types of Salvage Claims, Subrogation, Application, Legal Mechanisms for Subrogation
12 min
6.1 Chapter 6 | Liability and General Average, Collision Liability
Third party Liability and General Average, Liability and responsibility, Compensation and Liability, Collision Liability, Negligence and Apportionment
10 min
6.2 Chapter 6 | Limitations and Parties Eligible, Exclusions
Limitation of Liability, Parties eligible for liability, Exclusions, Calculation examples, Both to Blame clause
10 min
6.3 Chapter 6 | Role of Surveyors and Adjusters, PII
Role of Surveyors, Role of Average adjusters, Professional Indemnity Insurance (PII), Scope of coverage
13 min
6.4 Chapter 6 | General Average and York Antwerp Rules
General Average, Key components, York Antwerp rules, Essentials of Gen Average, Extraordinary sacrifice or expenditure
15 min
6.5 Chapter 6 | Reasonable Approach and Jason Clause
Gen Average- Voluntary Action, Reasonable Approach, Common Adventure & Perils, Conditions for successful GA claims, Jason Clause, US COGSA (Carriage of goods at Sea Act), Implications of New Jason Clause, Recent Development IN GA
17 min
7.1 Chapter 7 | Contributing Values and Interest
General Average, Contributing interests, Contributory values, worked examples for Ship/Cargo/Freight/Containers/Bunkers, York Antwerp rules 2016
14 min
7.2 Chapter 7 | Procedure at Port of discharge
Amount made good, worked examples in relation to Ship/Cargo/Freight, Procedure at Port of discharge
12 min
7.3 Chapter 7 | GA Adjustments Overview
General Average Adjustments, Brief overview, Apportionment of GA, worked example, Application to Insurance, Final positions of Ship owners and Insurers
14 min
8.1 Chapter 8 | Overview of Cargo Insurance
Facultative Cargo Insurance, Definition and concept, Characteristics, Advantages and disadvantages, Long term cargo contracts, Floating Policy, Open covers, Common aspects of long term contracts
13 min
8.2 Chapter 8 | Introduction of Floating Policy
The Floating Policy in detail, Advantages and challenges of floating policy, Open cover policy in detail, Advantages and functionality of open cover
11 min
8.3 Chapter 8 | Clauses in Marine Insurance
Open Cover- Cancellation clause, Limit per bottom/ location, Basis of Valuation, Institute Classification Clause (2001)
7 min
8.4 Chapter 8 | Certificate of Insurance
Certificate of Insurance-Overview, Process of Issuing and managing Certificates, Block policies, Fleet policies
16 min
9.1 Chapter 9 | Cargo Clauses and Coverage
Cargo Clauses 1.1.82, Institute Cargo Clauses, Coverage under A/ B/ C clauses, Transit Clause, Change of voyage clause, Constructive total loss clause, Increased value clause, Reasonable despatch Clause
11 min
9.2 Chapter 9 | War Risk Clauses & Gen Average
War risk clauses 1.1.82, Cargo clauses, Risk Clause, Gen Average Clause, Gen Exclusions, Unseaworthiness and unfitness exclusion, Transit clause
8 min
9.3 Chapter 9 | International navigation limits(INL)
International navigation limits(INL), Key Provisions
23 min
10.1 Chapter 10 | Time Clauses & International Hull Clauses
Time clauses, International Hull Clauses, Principal insuring conditions, Duty of assured (Sue & Labour Clause)
13 min
10.2 Chapter 10 | Claims Provisions & Time clauses
Claims Provisions, Notice of claims, Tender provisions, Duties of the assured, Dispute resolution
Time clauses-Additional clauses, Pay to be paid clause, Fixed and Floating objects, 4/4ths collision Liability, GA absorption clause, Additional perils
7 min
10.3 Chapter 10 | P&I clauses & American Hull clauses
Time Clauses-Disbursement & increased values, Institute P&I clauses- Hulls-time, Institute Freight Clauses-Time & Voyage, American Hull clauses 2009, War & Strike risks clauses- Hulls and Piracy
12 min
11.1 Q&A | Important chapters and topics
Important chapters and topics to focus for Marine Insurance exam
9 min
12.1 Bonus | Marine Insurance Act 1906
Marine Insurance Act 1906- Comprehensive Overview, Key Provisions, Insurable Interest, Duty of disclosure, warranties & conditions, Constructive total loss, Gen Average, Claims and Liability procedure, Legal Frame work, Impacts & relevance
7 min
12.2 Bonus | Marine Insurance Act 1909
Marine Insurance Act 1909 (Gambling Policies), definition, Prohibition, Claims Invalidity, Implications & effects
12 min
12.3 Bonus | York Antwerp rules 1994
York Antwerp rules 1994, Key provisions, Gen Avg defined, contributions to GA, Allowable expenditure, Nature of sacrifices, calculation of losses, adjustment procedures, time limitation, Non GA expenses, Practical Implications,current adaption & practice, Case law & interpretation
6 min
12.4 Bonus | Malicious Damage Clause
Institute Malicious Damage clause, Key components, Importance & application of the clause
9 min
12.5 Bonus | Institute Classification clause 2001
Institute Classification clause 2001, Age limitation of qualifying vessels, Craft clause, National flag society, Prompt notice, Law & practice, Key responsibilities, Liability of carriers
30 min
12.6 Bonus | Hull Disbursement & Increased value clauses
Hull Disbursement & Increased value (IV) clauses, Perils Covered, Excess collision Liability, Pollution Hazards, Constructive total loss, Compromised total loss, Class & ISM compliance, Navigation Provisions, Premium payment, Breach of Navigation provisions, Leading Underwriters, Notice of claims, Recoveries from third parties, Collision Liability, Fixed & floating objects, 4/4ths Collision Liability
Successful completion of this course will earn you a certificate of completion from Sea and Beyond. This certificate will be emailed to you and you could also share and show it on LinkedIn Please click on the button below to purchase the certificate.
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