Marine Cargo Insurance Claims Handling

Examine a wide variety of cargo incidents claim trends across different types of cargo insurance considerations and claims handling procedures with our expert faculty jeffry blum.

Marine cargo insurance claims handling. Attritional losses while stable are proving to be material against the backdrop of a reduction in marine insurance premium rates. View course content apply. Claims handling of p i fdd cases. Eskom insurance management services eims division will be willing to assist whenever required.

With one of the largest most experienced networks of cargo insurance specialists claims experts and risk consultants in the business allianz global corporate specialty agcs delivers local solutions for marine cargo risks in more than 200 countries and territories. The broker and the assured were attracted to the breadth of consultative services provided by falvey s protecht risk solutions loss prevention team. In the event of any occurrence which may give rise to a claim under the marine cargo policy the insured shall report the loss damage immediately to the company. Negotiation and renewal of marine insurance.

Prepare the official claim bill to be done by the consignee on the loss suffered ie. Understanding the principles and practice of marine insurance claims by tutored part time study an indispensable professional development course investigating key practical and legal issues in responding to handling and settling hull and cargo claims. This is not intended to be an in depth explanation of marine insurance but rather to facilitate the shipment of cargo and the submission of claims. An incident involving a fully loaded ultra large container ship could easily result in a 1bn to 2bn insurance claim including damage to cargo hull salvage and wreck removal costs.

If your customers are going to transport perishable products no matter whether it is by sea or by air apart from advising them to take out an appropriate cargo insurance you can also remind them of the importance of looking for a reliable carrier who will usually take out adequate liability insurance to cover cargo owners claim of loss of or damage to the cargoes. Special attention will be paid to the impacts of recent developments surrounding covid 19 on cargo loss damage delay surcharges as well as how to best interpret your insurance clauses. The company will appoint surveyors if necessary. Highly specialised division managing all aspects of marine casualties globally 24 7 365 protecting cargo interests in general average salvage including lloyd s open form terminated and or interrupted voyages legal policy and market advice as well as financial default and piracy.

Falvey cargo insurance bound a marine cargo policy with a new assured in the pharmaceutical industry that had previously been denied significant claim by another underwriting insurer. Sea air followed by inland transit claims handling procedures and documents.