Marine Insurance for Engineers
Presented by Dr. Portia Ndlovu
Course Overview
Marine Insurance for Engineers is a business course that addresses regulation, control, and compliance with National, International, and Regional Rules and Customs in securing risks that need to be managed through marine insurance. In this course, the student will be taught to understand the major concepts and economic drives as dictated by Marine Insurance and all the aspects producers, maintainers, and expert witnesses in the engineering sector need to know to fully understand the marine insurance contract.
This knowledge is to help the student understand key strategies for economically sound rules of risk management through specialty insurance, where they originate, and how they influence modern maritime activities. Providing the student with key knowledge and practical skills in identifying the relevant understanding of relevant contracts and risk management in light of the context of the maritime industry. Helping the student to be able to demonstrate the understanding of the regional and global implications pertaining to marine insurance at an in-depth, management-focused, or key decision-making level.
Course Program
| 1. | Introduction: The HULL, CARGO, P&I Insurance and the Engineer. |
| 2. | The history of marine insurance/commercial insurance and its impact on modern business. |
| 3. | Organizations that guard and play key roles in marine insurance. |
| 4. | Structure of marine insurance organizations. |
| 5. | Legal principles applicable to insurance contracts. |
| 6. | Insurable interest and case studies. |
| 7. | Insurance and re-insurance. |
| 8. | The Role of Surveyors, Investigators, Loss/General Average Adjusters |
| 9. | Technology and marine insurance. |
| 10. | Water-tight marine insurance contracts and Expert Witnessing |
Course Goals
- To make the maritime industry and market comprehensible to maritime executives within the context of marine insurance
- To make international trade business activities understandable to maritime executives
- To pinpoint the key risk management strategies that a company can adopt in matters of engineering and insurance
Learning Objectives
- To equip students with skills and resources to inform themselves reliably about marine insurance.
- To familiarise students with the various standard form contracts.
- To make students familiar with the interaction and classification of marine insurance and the technology-heavy world of shipping.
- To make students conversant with business practices that minimize risks of being deprived of insurance coverage in cargo claims and other like claims.
- To enable students to have knowledge of the key regulations and principles that apply in order to procure or enforce a legally binding insurance contract.
- To enable students to make informed and skills-based decisions related to maritime business activities and the laws that apply with the relevant understanding of the national, regional, and global economic context.
About the presenter
Dr. Ndlovu is an Author, Speaker, Professor of International Maritime Business, Lawyer & Businesswoman who hails from Durban, South Africa. She is now based in, Massachusetts, USA where she serves the Massachusetts Maritime Academy. Dr. Ndlovu specializes in the legal principles of international trade laws particularly in Maritime Law (main specialty) which directly includes, International Commerce, International Trade, the Law of the Sea, Environmental Law, and International Diamond Trade Law subjects. As a practicing Maritime lawyer, Dr. Ndlovu has provided consultancy services to Government bodies such as the Ports Regulator and support to various commercial and government entities on maritime matters in various host cities. Dr. Ndlovu has also sat as an arbitrator and assessor in various tribunals bringing specialized academic and practical legal knowledge. Dr. Ndlovu’s book Diamond Law: Change, Trade and Policy in Context has received a citation for ‘Most Notable Publication Received’ in the Journal of Energy and Natural Resources Law (JERL) Vol 31 No 3.
