UNDERWRITING PROJECT CARGO INSURANCE MASTERCLASS

This course provides a comprehensive insight into the process of underwriting large capital projects being transported by road, rail, sea or air (known as project cargo insurance). This includes the legal liabilities attached to the owners of goods and the carriers who transport them.

• Describe the business environment of project cargo risks
• Understand the legal environment surrounding the movement of goods by road, rail, sea and air
• Outline the scope of cover and market practices for this class of insurance
• Apply relevant factors in the underwriting of project cargo insurance
• Understand claims practices

Content:

Marine Cargo: Survey, Safety and Preparations

• LNG / Oil Carriers main types
• Membranes
• Technical comparisons and Containment systems
• International Gas Code vessel descriptions
• International Safety Management, basic requirements and training
• Safety Management Systems
• International Ship and Port Security Code
• Tanker Management Self-Assessment
• SIRE inspection system
• Marine Cargo Surveys Roles and responsibility of terminal in LNG cargo transfer
• Terminal loading and discharging
• Ship-to-Shore and STS operations interfaces

Marine Cargo Handling

• Cargo Transfer checklists
• Cargo Transfer equipment
• Cargo hazards, safety and risks
• Ship to Ship to shore
• Ship to Platform
• Hazardous Goods Claims
• Ship to Ship
• Marine Survey requirements IMO / Flag State
• Ship connected transfer systems and tandem configurations
• System Uptime considerations of effective operations
• Case Study – Typical Terminal Oil / LNG Operations

Liquid Cargo

• Loading Arms – Technology, terminology, and designs
• Cryogenic Hoses, testing and types
• loading procedures alongside
• Ramp up, loading and ramp down, actions and precautions
• Vapour pressure control
• Recent industry incidents highlighted
• ESD 1 and 2 Design Codes and Operations
• Required crew training and preparations
• Hazards and Risks
• Ship and shore requirements
• Preparing for the future incidents
• Safety Management Systems and Options
• Case Study – LNG Spill Technical Claims Management

Custody Transfer of Liquids and Insurance Claims

• Insurance Claims for Shortage of LNG Cargo – Statistics
• Overview of LNG Supply Chain
• ‘Boil-Off’ During the Voyage and Insurance
• Owners’ Insured Warranted Performance
• Insured Charter parties for the Carriage of LNG Cargo
• Examination of the Contractual Allocation of Risk under LNGVOY Insurance
• Insurance Controls to Prevent LNG Cargo Shortage
• Sampling and Certification Custody
• Transfer Guidelines of Terminals Ship and surveyor roles
• Types of Custody Transfer Measurement
• Flow measurement and custody transfer flow metering, types

Technical Claims: Case Studies

• How to avoid
• Technical and structural audits and failures
• Tests and precautionary measures
• Ship construction terminology and methods
• The effect of improper loading and hazardous goods
• Structural inspections of cargo and containers
• Material failures aboard ships
• Metallurgy tests and case studies of failures – Analysis and testing techniques
• How to report, evaluate and take appropriate action
• Know the business environment of project cargo risks
• Understand the legal environment of project cargo risks transported by road, rail, sea or air
• Understand the scope of cover and market practices of project cargo insurance
• Understand the underwriting of project cargo risks
• Understand claims considerations and procedures