Marine insurance
Charlotte Warr
Introductions
Who am I?
Barrister and Solicitor Associate of the Chartered Insurance Institute Chartered Insurer Associate of the Association of Average Adjusters
Marine claims person by trade!
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Who are you?
Brief intro of who you are and where you are from
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Plan for the 4 sessions
The business of shipping Clauses/Policy wordings Claims Reinsurance
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House rules
No such thing as a silly question Ask questions as we go through or at the end – your choice Always be thinking about a good topic for your essay
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Today’s agenda
The business of shipping Legal environment What are the risks faced? External pressures to buy What are the options for purchase What are the available markets
Pros and cons
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Business of shipping
Moving goods or people from one place to another Providing a specialist service such as salvage or dredging
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Why go into the business?
To make money?
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What is the BDI
Average freight costs On various routes Using various sizes of ship Carrying a range of commodities
The major raw materials
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What does the graph tell you?
Challenging times for shipowners at the moment
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I want to be a shipowner
Do I build? Do I buy secondhand? For either what type of ship do I build or buy?
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What type of vessel?
Generalist Specialist What size
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Bulk carrier
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Container
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Oil/Products/Chemical tanker
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LNG/LPG
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Reefer
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