DUY 508 - Maritime Insurance

Course Objectives

Graduates that will work at maritime companies;
1.Will learn about relation between maritime commercial management and insurance
2.Will learn marine insurance concept
3.Will gain knowledge and skill to get marine insurance

Course Description

Principles of the law and the Marine Insurance Act, Insurance Policy, Contracts of Insurance
Hull and Machinery Insurance, General Clauses/Conditions of Turkish Hull Policy, Institute Hull Clauses, Coverage, Functions and Role of P&I Clubs, Reinsurance, Nature and Purpose of Reinsurance, Relationship between assured/reassured/ reinsurer, Damage and casualty reporting
Notice of loss to insurers, Surveys, Damage to Cargo and Loss of Cargo, Collision, Salvage
Repair, Wreck removal, Fire, Personal Injury, Death and Injury, General Average, The role of average adjusters, Insurance in Sea Pollution.