Certificate in Marine Insurance

The aim of this programme in Marine Insurance is to provide candidates with a thorough knowledge on the legal, economic, operational and commercial aspects of the shipping industry followed by a comprehensive and practical insight into the specialist subject of Marine Insurance. This programme in Marine Insurance delivers the essential knowledge and expertise required to build and enhance the candidate’s understanding of the marine insurance industry, including an examination of cargo insurance; hull and machinery insurance, P & I insurance and how they work in practice.

The programme comprises five (05) modules. The first four modules are the four compulsory Group-1 subjects of the Institute of Chartered Shipbrokers (ICS) U.K as follows:

• Introduction to Shipping
• Economics of Sea Transport & International Trade
• Legal Principles in Shipping Business
• Shipping Business

The fifth module is “Marine Insurance” – the Group-2 specialist subject of the Institute of Chartered Shipbrokers (ICS) U.K. covering the following key topics:

• The international marine insurance market
• The Marine Insurance Act 1906
• The principals involved in marine insurance
• Particular average
• The measure of indemnity
• Third party liability and general average
• General average
• Facultative cargo insurance
• Cargo clauses
• Time clauses

This programme is ideal for maritime and insurance personnel engaging in professional development to develop their knowledge, as well as ship owners, operators and managers requiring tobroaden their business and commercial knowledge. It is also suitable for brokers, agents, claims handlers and underwriters wanting to understand the marine insurance industry in more detail.

On successful completion of the program, learners will have:

• Acquire the knowledge to better understand the way marine insurance market’s function and the terms of the standard covers.
• Clear understanding of how to address, analyse and solve insurance problems, look at matters from the perspective of assurers or underwriters and advise clients and underwriters on points of principle and policy wordings.

1. Level -5 Award in Maritime Logistics Management (Marine Insurance): 

On successful completion of the programe comprising the five (05) modules, a Level -5 Award in Maritime Logistics Management (Marine Insurance) will be issued by the Abu Dhabi Maritime Academy (ADMA), approved by the National Qualification Centre (NQC) Ministry of Education, U.A.E. The Level-5 Award certificate will provide details of the topics that are covered and certify that the holder of the certificate has completed forty credits (600 hours) of structured learning in Marine Insurance.

2. Institute of Chartered Shipbrokers (ICS) U.K. Foundation Diploma / Advanced Diploma:

Abu Dhabi Maritime Academy (ADMA) is a Registered Training Provider (RTP) of the Institute of Chartered Shipbrokers (ICS) U.K.  On completion of the programme, the candidates may appear in the examinations of the Institute of Chartered Shipbrokers (ICS) U.K conducted at the Abu Dhabi Maritime Academy (ADMA) in May and November every year. Upon passing these examinations, the candidates could obtain the internationally acclaimed Foundation Diploma / Advanced Diploma from the Institute of Chartered Shipbrokers (ICS) U.K. This may lead to the prestigious full Membership of the Institute of Chartered Shipbrokers (MICS) U.K on passing the ICS Professional Qualifying Examinations (PQE).