General and Particular Average in Maritime Commercial Practices is a targeted course tailored for professionals engaged in maritime commerce. It covers the essential practices and procedures following Particular Average loss incidents, emphasising the crucial initial steps such as issuing a 'Note Protest', conducting damage surveys, and complying with the 'Tender Clause'.
The course focuses on understanding the liabilities and costs associated with the 'Hull', including repair cost calculations under the 'New for Old' principle. It also addresses the specific considerations when drydocking involves such incidents.
Furthermore, it explores the evaluation of cargo damage, highlighting the need to ascertain the value difference of goods pre and post-damage and the significance of meeting any 'franchise' conditions outlined in insurance policies.
This course is designed to provide maritime commerce professionals with a concise yet comprehensive understanding of the critical aspects of General and Particular averages in maritime operations, equipping them with the necessary knowledge to navigate these challenges effectively.
This course aims to provide delegates with a focused and comprehensive learning experience. The objectives are as follows:
- Comprehensive Understanding of General & Particular Average: Equip delegates with in-depth knowledge of General & Particular Average concepts crucial for maritime commercial practices.
- Insight into Commercial Shipping Environment: Provide a thorough understanding of the commercial shipping landscape, emphasising the intricacies of declaring the general average onboard.
- Analytical Thinking and Decision-Making Skills: Foster advanced analytical skills for decision-making in average adjusting and calculations, enhancing problem-solving capabilities.
- Development of Transferable Skills: Encourage acquiring valuable subject-specific and core skills through study and application, which are beneficial for future research and professional careers.
- Expertise in Average Calculations and Procedures: Enhance knowledge and understanding of specific procedures and calculations related to General and particular averages.
- Practical Application and Problem-Solving: Enable delegates to adeptly address and solve complex shipping average problems, including differentiating between tanker and dry cargo average calculations.
- Capability in Cargo Average Calculations: Equip delegates with the skills to effectively conduct relevant cargo average calculations, catering to the needs of shippers and consignees.
The General & Particular Average in Maritime Commercial Practices course is designed for the following professionals:
- Maritime Insurance Professionals: Those in maritime insurance requiring in-depth knowledge of General & Particular Averages for policy and claim management.
- Shipping Company Executives: Decision-makers in shipping companies overseeing operations and risk management.
- Maritime Lawyers and Legal Advisors: Legal maritime law professionals need a solid understanding of average claims and commercial practices.
- Ship Owners and Managers: Individuals managing shipping operations, interested in the financial and operational impacts of General & Particular Averages.
- Cargo Owners and Freight Forwarders: Professionals responsible for cargo seeking to understand risks and liabilities in maritime shipping.
- Maritime Academics and Researchers: Academics in maritime studies aim to deepen their knowledge for research and teaching.
- Port and Terminal Operators: Those involved in port operations needing insights into shipping practices and average claims.