Services Transport, Operations and Logistics

Marine Insurance Fundamentals For South African Professionals Training

SAQA US 117655 | NQF 4 | Credits 8 | Duration 5 Days
From $1,242 per delegate

Description

This course equips South African professionals with a comprehensive understanding of marine insurance fundamentals, including key principles, policy types, and claims processes. Participants will learn to navigate the unique legal and regulatory framework governing marine insurance in South Africa, enabling them to effectively manage risk and protect assets in maritime trade.

Learning Outcomes

  • Apply the core principles of marine insurance, including insurable interest, utmost good faith, and indemnity.
  • Analyze different types of marine insurance policies, such as hull, cargo, and liability covers.
  • Evaluate the legal and regulatory framework for marine insurance in South Africa, including relevant legislation and case law.
  • Demonstrate the process for underwriting and rating marine insurance risks.
  • Implement effective claims handling procedures for marine insurance losses.
  • Assess risk management strategies to mitigate marine-related exposures.

Target Audience

This course is designed for insurance professionals, brokers, underwriters, claims handlers, and logistics or shipping managers who require a foundational understanding of marine insurance within the South African context.

Prerequisites

None — open enrollment.

Course Outline

Day 1: Introduction to Marine Insurance and the SA Context

Objectives:
• Understand the historical evolution and role of marine insurance in global trade.
• Identify the key participants in a marine insurance contract.
• Recognise the legal and regulatory environment governing marine insurance in South Africa.
• Define fundamental concepts such as insurable interest, utmost good faith, and indemnity.
• Distinguish between marine cargo and hull insurance.

Topics:
• History and significance of marine insurance.
• Key players: insurers, brokers, underwriters, and assured.
• SA regulatory framework: FSCA, COFI, and common law.
• Core principles: insurable interest, utmost good faith, proximate cause, indemnity.
• Types of marine insurance: cargo vs. hull.
• Overview of the Marine Insurance Act (UK) and its application in SA.
• Introduction to the Institute Cargo Clauses (A, B, C).

Day 2: Marine Insurance Policies, Clauses, and Coverage

Objectives:
• Describe the structure and key sections of a marine insurance policy.
• Interpret standard Institute Clauses and their applications.
• Analyse coverage scope, exclusions, and conditions.
• Understand the concept of general average and salvage.
• Differentiate between voyage, time, and open policies.

Topics:
• Anatomy of a marine policy: declarations, insuring clauses, exclusions, conditions.
• Institute Cargo Clauses (A, B, C): perils covered and exclusions.
• Institute Time Clauses – Hulls.
• General average: definition, adjustment, and contributions.
• Salvage charges and sue and labour clauses.
• Policy types: voyage, time, mixed, floating, open.
• Warranties and conditions (express and implied).

Day 3: Underwriting, Rating, and Risk Assessment

Objectives:
• Explain the underwriting process for marine risks.
• Identify key factors influencing marine insurance premiums.
• Assess risk using cargo type, trade routes, and packing.
• Understand the role of surveys and loss prevention.
• Apply basic rating principles to calculate premiums.

Topics:
• Underwriting process: submission, evaluation, decision.
• Risk factors: cargo nature, packaging, vessel age, voyage, port security.
• Rating methods: flat rates, ad valorem, and tariff-based.
• Use of surveys and inspection reports.
• Loss prevention measures and their impact on underwriting.
• Reinsurance basics in marine insurance.
• Case study: rating a cargo shipment from Durban to Rotterdam.

Day 4: Claims Handling and Loss Management

Objectives:
• Outline the claims process from notification to settlement.
• Identify common causes of loss and their documentation.
• Apply the principle of proximate cause in claims assessment.
• Understand surveyors' reports and their role.
• Calculate partial and total loss settlements.

Topics:
• Claims procedure: notice, documentation, investigation.
• Types of losses: actual total loss, constructive total loss, particular average, general average.
• Proximate cause and burden of proof.
• Role of loss adjusters and surveyors.
• Measuring indemnity: market value, insured value, and depreciation.
• Subrogation and salvage rights.
• Fraud indicators and investigation.
• Practical exercise: processing a claim for water damage to electronics.

Day 5: Practical Applications, Ethics, and Professional Practice

Objectives:
• Synthesise knowledge to handle typical marine insurance scenarios.
• Apply ethical standards and treat customers fairly (TCF).
• Draft a simple marine insurance proposal and policy wording.
• Prepare for the SAQA assessment for Unit Standard 117655.
• Develop a personal action plan for ongoing professional development.

Topics:
• Scenario-based workshop: underwriting a high-risk cargo.
• Ethics and TCF in marine insurance.
• Drafting a proposal of insurance.
• Review of key concepts for final assessment.
• Mock assessment and feedback.
• Professional development resources: SAIA, IISA, and CPD.
• Course wrap-up and Q&A.

Practicals

No practicals for this training.

This course is made up of exercises and case studies delivered alongside the theory — no separate practical sessions are required to complete it.

Summatives

Each delegate is assessed continuously throughout the course and a final summative test at the end.

Daily Exercises — 30%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 30% to the final total.

Final Test — 70%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 70% to the overall mark.

Final Total
Component Out of Weight
Daily Average (multiple choice) 100% 30%
Final Test (multi-answer multiple choice) 100% 70%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Daily Average 30% + Final Test 70%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
Start End Delivery Season Price Action
Mon 07 Sep 2026 Fri 11 Sep 2026 Virtual Spring 2026 $1,242 Register
Mon 28 Sep 2026 Fri 02 Oct 2026 Virtual Spring 2026 $1,242 Register
Mon 19 Oct 2026 Fri 23 Oct 2026 Virtual Spring 2026 $1,242 Register
Mon 07 Dec 2026 Fri 11 Dec 2026 Virtual Summer 2026 $1,242 Register
Mon 11 Jan 2027 Fri 15 Jan 2027 Virtual Summer 2026 $1,242 Register
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Mon 27 Dec 2027 Fri 31 Dec 2027 Virtual Summer 2027 $1,242 Register
Mon 17 Jan 2028 Fri 21 Jan 2028 Virtual Summer 2027 $1,242 Register
On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 492 sessions across 26 venues
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Mon 10 Aug 2026 Fri 14 Aug 2026 Durban, South Africa Winter 2026 $2,916 Register
Mon 10 Aug 2026 Fri 14 Aug 2026 Abu Dhabi, UAE Winter 2026 $5,238 Register
Mon 10 Aug 2026 Fri 14 Aug 2026 Pretoria, South Africa Winter 2026 $1,863 Register
Mon 10 Aug 2026 Fri 14 Aug 2026 Dubai, UAE Winter 2026 $5,238 Register
Mon 10 Aug 2026 Fri 14 Aug 2026 Cape Town, South Africa Winter 2026 $3,078 Register
In-House training — we bring the trainer to your organisation, tailored to your team.
Start End Delivery Season Price Action
Mon 14 Sep 2026 Fri 18 Sep 2026 Your Premises Spring 2026 $1,615 Register
Mon 05 Oct 2026 Fri 09 Oct 2026 Your Premises Spring 2026 $1,615 Register
Mon 26 Oct 2026 Fri 30 Oct 2026 Your Premises Spring 2026 $1,615 Register
Mon 14 Dec 2026 Fri 18 Dec 2026 Your Premises Summer 2026 $1,615 Register
Mon 18 Jan 2027 Fri 22 Jan 2027 Your Premises Summer 2026 $1,615 Register
Mon 22 Feb 2027 Fri 26 Feb 2027 Your Premises Summer 2026 $1,615 Register
Mon 08 Mar 2027 Fri 12 Mar 2027 Your Premises Autumn 2027 $1,615 Register
Mon 15 Mar 2027 Fri 19 Mar 2027 Your Premises Autumn 2027 $1,615 Register
Mon 22 Mar 2027 Fri 26 Mar 2027 Your Premises Autumn 2027 $1,615 Register
Mon 14 Jun 2027 Fri 18 Jun 2027 Your Premises Winter 2027 $1,615 Register
Mon 05 Jul 2027 Fri 09 Jul 2027 Your Premises Winter 2027 $1,615 Register
Mon 26 Jul 2027 Fri 30 Jul 2027 Your Premises Winter 2027 $1,615 Register
Mon 13 Sep 2027 Fri 17 Sep 2027 Your Premises Spring 2027 $1,615 Register
Mon 04 Oct 2027 Fri 08 Oct 2027 Your Premises Spring 2027 $1,615 Register
Mon 25 Oct 2027 Fri 29 Oct 2027 Your Premises Spring 2027 $1,615 Register
Mon 13 Dec 2027 Fri 17 Dec 2027 Your Premises Summer 2027 $1,615 Register
Mon 03 Jan 2028 Fri 07 Jan 2028 Your Premises Summer 2027 $1,615 Register
Mon 24 Jan 2028 Fri 28 Jan 2028 Your Premises Summer 2027 $1,615 Register
Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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