Cargo & Goods in Transit (intermediate) training course

Learning objectives

By the end of this course, the attendees will be able to

• Explain the legal position relating to sale of goods and to carriage of goods

• Explain and apply the key provisions of the Marine Insurance Act, as amended by the Insurance Act 2015 to Cargo and Goods in Transit risks

• Describe the key risk features of both cargo and goods in transit risks and rating criteria

• Explain the provisions of the Institute Cargo Clauses 1/1/09 and a standard market Goods in Transit wording

• Analyse the need for appropriate additional clauses which can be added to standard wordings and when they would be used

• Explain the handling and adjustment of claims and recoveries for both cargo and goods in transit.

Contents

• How goods are bought and sold domestically and internationally

• How are goods transported

• What legal and contractual regimes cover the liability of carriers of all types

• What other parties might be involved and what will their exposures be (freight forwarders etc.)

• What are the underwriters thinking about (or should be thinking about)?

• What is the basic cover available for cargo risks and how can it be amended?

• What does a typical goods in transit policy cover and what amendments can be made?

• How are claims and recoveries handled in both cargo and goods in transit insurance?

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