Mastering Marine Insurance Arrangement & Claiming Minimize risks through informed decisions in insurance arrangement and claiming Date: 13th - 14th August 2015 Location: Bali, Indonesia Petrosync Distinguished Lecturer Capt. Anshuman Singh Master Mariner, F.G. Admiralty Manager, Fichte & Co Over 15 years of extensive techno-commercial experience in shipping including claims handling, business operations, management & commercial affairs with profit accountability; with the leading correspondents in the Middle East and earlier with container companies Extensive experience in the areas of handling Charterparties, Demurrage Claims Shipping Litigation, ISM Compliance and Procedures, Marine Insurance, Ship Building & Ship Repair Acquired Master s Mariners Certificate of Competency in 2006 thereby enabling him to command a ship in the rank of a Captain engaged in worldwide trade. Accredited Certification in Ship Business, Marine Insurance and Maritime Law Delivered and spoken at past industrial seminars and conferences in the oil and gas and offshore industry Firm Awards Winner of Seatrade Middle East & Indian Subcontinent Award for "Best Maritime Law Firm 2007, 2010 & 2011" Winner of Corporate Intl Magazine 2010 "Corporate Law Firm of the Year in the UAE" Winner of Corporate Intl Magazine 2012 "Shipping Law Firm of the Year in the UAE" Program Schedule 08:00 09:00 Registration (Day1) 09:00 11:00 Session I 11:00 11:15 Refreshment & Networking Session I 11:15 13:00 Session II 13:00 14:00 14:00 15:30 Lunch Session III 15:30 15:45 Refreshment & Networking Session II 15:45 17:00 Session IV 17:00 End of Day Supported by
Masterclass Overview Offshore projects are considered to be high-risk due to the nature of the various operational activities. Today, more aggressive regulations are put in place for all offshore parties to comply with. As such, the liabilities in offshore environment become increasingly intimidating for both charterers and ship owners as the ever-evolving regulations are established. As such, companies make sure that any unprecedented accidents or events are properly covered by insurance arrangements. With the big capital investments in purchasing such security, companies must be knowledgeable on the extensive policies and the limitations of marine insurance coverage. This two-day program will provide the key information for O&G marine insurance arrangement and claiming. Day 1 will focus in providing the participants the common liabilities that need protection, the industry best practices when it comes to arranging for coverage, common pitfalls to avoid in insurance arrangement, and how to choose amongst the various products available in the market. Day 2 will then focus on the step-by-step approach in the claiming process in a way that insurance protection is maximized. Participants will learn about the key parties that they should get in touch with during insurance claiming. Case studies on claims rejections will also be presented in order to help avoid the common mistakes during claiming process. After finishing the course, participants will be better equipped in making informed business decisions with regards to arranging for marine insurance and processing of claims for offshore projects. Masterclass Objectives GAIN the knowledge of the key aspects when considering and selecting insurance coverage for offshore operations KNOW the common insurance products available in the market ANALYZE the limitations of typical insurance coverage by understanding the various types of risks and liabilities APPLY industry s best practices when it comes to arranging for and buying of insurance LEARN the different stages in making an insurance claim UNDERSTAND in detail the various incident types in preparing for insurance claims IDENTIFY and AVOID common pitfalls and mistakes when making insurance claims to prevent claim rejection Specially Designed for The course is designed for upstream professionals who deal with or who those who need to know about the management of insurable risks in offshore operations. Offshore Vessel Owners, Charterers Shipbrokers Contract Executives / Managers Chartering Executives/ Managers Procurement Executives / Managers Marine Logistics Executives / Managers Supply Chain Executives/ Managers PSCM Specialist In-house Legal Counsels Offshore Project Executives/ Managers Risk Control Managers Insurance Buyers, Underwriters Petrosync Quality Limited Attendees The course has limited seats to ensure maximum learning and experience for all delegates. Certificate of Attendance You will receive a Certificate of Attendance bearing the signatures of the Trainer upon successful completion of the course. This certificate is proof of your continuing professional development. Interactive Training You will be attending training designed to share both the latest knowledge and practical experience through interactive sessions. This will provide you with a deeper and more long-term understanding of your current issues. High Quality Course Materials Printed course manual will provide you with printed high quality materials throughout the course and will be an invaluable source of reference for you and your colleagues afterward.
Mastering Marine Insurance Arrangement and Claiming 13th - 14th August 2015 at Bali, Indonesia DAY 1: FUNDAMENTALS OF MARINE INSURANCE 1 2 Introduction to Marine Insurance for Offshore Projects - Who are the buyers of insurance for offshore projects? Why do they do it? How do they do it? How do they evaluate which insurance coverage to choose? - Current industry culture towards Insurance what are the recent regulatory drivers that shape insurance offerings? - Understanding the limitations of insurance up to what point can an insurance policy protect your existing activities? Types of Insurance Coverage - Property - Revenue Protection - Well Control - Liabilities Fundamentals of Marine Insurance Products (Format and Extent of Coverage) - Hull and machinery (H&M) - Protection & Indemnity (P&I) - Freight Demurrage & Defense - Division of liabilities - Potential claims - Securities/guarantees - Mitigation - Defense of claims - Cost control Types of Casualties or Incidents - Collisions - Pollution - Groundings - Fire - Sinking/Capsize - Delay/Loss of Cargo Common Liabilities - Loss or Damage to Cargo - Personal Injury - Environment / Pollution (Oil Spill etc) - Damage to Hull - Fines - General Average, Salvage, and Related Expenses - Legal costs and Related Expenses Indemnities and Risk Allocation - Limitation and Capacity of Insurance Products - Policy Formations - Why is contract risk allocation important? Industry Best Practices: - Practical issues that arises when arranging for a cover - Common insurance pitfalls and ways to avoid them - What makes a insurance program reliable - Sources of risk transfer capacity - Arranging for the right type of insurance and the amount of insurance GROUP WORK : Given a list of offshore operational activities, identify the different types of risks and liabilities, and the types of insurance coverage that you will you need. CASE STUDY : Macondo Drilling Incident/DeepWater Horizon. Present the implications of the 2010 incident to today s insurance policies. DAY 2: MARINE INSURANCE CLAIMING Introduction to the Different Stages of a Claim - Initial advice and initial response - Instructing a surveyor and collecting evidence - Cause, nature and extent - Policy coverage (All risks, Insured perils, Exclusions) - Duty of the prudent uninsured - Actual total loss - Constructive total loss - General average - Particular average - Salvage - Fire sale of distressed goods - Completion of the voyage Legal Liabilities and Legal Procedures Jargons Explained - Role of the Admiralty lawyer - Protection of interests - Establishing the facts - Crew statements and other witnesses - Legal jurisdiction - Arrest and seizure - Release of vessel and crew - Injury and death Parties to a Casualty - Owners and their obligations; Shipmaster and crew; Insurance interests; Legal interests; Third parties; Authorities; Salvors GROUP WORK : Given a a synopsis of an incident, prepare the list of initial information that you will need to file for an insurance claim. Identify from which parties you will need these information. P&I Emergency Response - Emergency response; Appointment of lawyers; Appointment of experts; Coordination and Communcation Reporting of a Casualty - Channels of communication - Liaison with Salvors - Information required - Professional advisers - Authorities - The media - Emergency Organizations - Weather Role of Salvor - The intelligence network - 3Logistics, Vessels, and Equipment - Salvor s Services - Contract and Negotiations - Salvage Plan - Owner s Cooperation - Wreck Removal - Salvage Arbitration Pitfalls to Avoid in Marine Insurance Claiming: - Non-Disclosures (Fradulent, Negligence, Innocent); Precedents; Warranties; Claim Notifications - Reasons that a claim could be rejected (Examples) - How quickly can the claim money be paid? Closing : Developing Risk-Based Approach in Arranging for Insurance and Contracts
Mastering Marine Insurance Arrangement and Claiming 13th - 14th August 2015 at Bali, Indonesia Petrosync Distinguished Lecturer CAPT. ANSHUMAN SINGH Master Mariner, F.G. Admiralty Manager, Fichte & Co Capt Singh is Admiralty Manager with Fichte & Co Legal Consultancy, which boast the largest team of qualified Maritime Lawyers including a Master Mariner and a strong regional presence in the Middle East with capabilities to operate worldwide. He was previously with the Gulf Agency Company (GAC), which is one of the leading P&I correspondents in the Middle East and the MSC Mediterranean Shipping Company S.A. of Switzerland. His current role includes working with all the major International Group of P&I Clubs, handling the most complicated and high value claims in the region which includes collisions, cargo damage and shortages, crew claims, charter party disputes to name a few. Capt. Anshuman is an efficient Claims Handler with working experience of 5 years in the UAE. Effectively handling all kind of Claim issues on behalf of all the IG Group clubs and many fixed premium clubs. An astute & result oriented professional with over 12 years of extensive techno commercial experience in shipping including Claims Handling, business operation s, management & commercial affairs with profit accountability; with the leading Correspondents in the Middle East and earlier with container companies. He also provides advice to ship owners, charterers and clubs on local jurisdiction and its interpretation and assists members and the clubs when matters go into litigation. He also successfully oversee the P&I department in the firm and in advising other claims handlers on complicated and technical issues and currently handles a team of 8 claims handlers and overlook the functioning of the Dubai P&I department. Capt Singh has by far been instrumental in interfacing with top management and representatives of various P&I clubs, insurerers, brokers, shipping managers, lawyers internationally and with local authorities including customs, immigration and port officials. He is also well versed with industry compliance & commercial affairs and has prior experience interacting with Port Authorities for ensuring compliance with various statutory obligations at various international ports and preparing for external audits, ISO compliances from shore based authorities. Capt Singh is a regular speaker at client and industry seminars, particularly in the offshore industry. He has spoken at numerous offshore and shipping conferences and trainings and just recently presented at the Offshore Support Vessels (OSV) Middle East Conference 2012 in Dubai, UAE. List of recent conferences which he spoke and presented at : - Offshore Support Vessels (OSV) Middle East Conference 2012 - Counter Piracy Conference 2012 - Boat Show Conference 2012 - Willis Middle East Conference 2012 - Middle East Workboats 2011 - Offshore Arabia 2010 IN-HOUSE SOLUTIONS SAVE COST IMPROVE PERFORMANCE REDUCE RISK PetroSync understands that in current economic climate, getting an excellent return on your training investment is critical for all our clients. This excellent training can be conducted exclusively for your organization. The training can be tailored to meet your specific needs at your preferred location and time. We will meet you anywhere around the globe. If you like to know more about this excellent program, please contact Jerry Tay (Conference Director) on +65 6415 4502 or email jerry.t@petrosync.com
Course Details Title : Mastering Marine Insurance Arrangement and Claiming Date : 13th - 14th August 2015 Location : Bali, Indonesia INVESTMENT PACKAGES Please circle the package that you are attending! Investment Package Deadline FULL MASTER CLASS Standard Price 12th Aug 2015 Early Bird Offer Group Discount (3 or more Delegates) Group Discount is based on Standard Price * To enjoy the discount offer, payment must be made before deadline * For 5 or more delegates, please inquire for more attractive package. * Prices include lunches, refreshments and materials. Discount cannot be combined with other promotional offers. * Important: Please note that registration without payment will incur a SGD 200 administration fee. 1st Delegate Name 2nd Delegate Name 3rd Delegate Name 13 July 2015 12th Aug 2015 DELEGATES DETAILS INVOICE DETAILS Attention Invoice to: Fax: Company: Industry : Address: Postcode: Country: Please note: - Indicate if you have already registered by Phone Fax Email Web - If you have not received an acknowledgement before the training, please call us to confirm your booking. PAYMENT METHODS SGD $ 2,995 SGD $ 2,795 10% discount for groups of 3 registering from the same organization at the same time s Ms Dr Others s Ms Dr Others s Ms Dr Others By Credit Card : Please debit my credit card: Visa MasterCard AMEX Security Code: Card Number: Expiry Date: Name printed on card: By Direct Transfer : Please quote invoice number(s) on remittance advice PetroSync Global Pte Ltd Bank details: Account Name: PetroSync Global Pte Ltd Bank Name : DBS Bank Ltd Bank Code : 7171 Bank Swift Code : DBSSSGSGXXX Branch code : 288 Account No : SGD : 288-901898-0 USD : 0288-002682-01-6 Bank Address : 12 Marina Boulevard, Level 3. Marina Bay Financial Centre Tower 3. Singapore 018982 PROGRAMME CONSULTANT Name : Cay Aagen Email : registration@petrosync.com Phone : +65 6415 4507 Fax : +65 6826 4322 TERMS AND CONDITIONS DISCLAIMER Please note that trainers and topics were confirmed at the time of publishing; however, PetroSync may necessitate substitutions, alterations or cancellations of the trainers or topics. As such, PetroSync reserves the right to change or cancel any part of its published programme due to unforeseen circumstances. Any substitutions or alterations will be updated on our web page as soon as possible. DATA PROTECTION The information you provide will be safeguarded by PetroSync that may be used to keep you informed of relevant products and services. As an international group we may transfer your data on a global basis for the purpose indicated above. If you do not want us to share your information with other reputable companies, please tick this box CANCELLATION POLICY You may substitute delegates at any time as long as reasonable advance notice is given to PetroSync. For any cancellation received in writing not less than fourteen (14) working days prior to the training course, you will receive credit voucher less a SGD $200 administration fee and any related bank or credit card charges. Delegates who cancel less than fourteen (14) working days of the training course, or who do not attend the course, are liable to pay the full course fee and no refunds will be granted. In the event that PetroSync cancels or postpones an event for any reason and that the delegate is unable or unwilling to attend in on the rescheduled date, you will receive a credit voucher for 100% of the contract fee paid. You may use this credit voucher for another PetroSync to be mutually agreed with PetroSync, which must occur within a year from the date of postponement. PetroSync is not responsible for any loss or damage as a result of the cancellation policy. PetroSync will assume no liability whatsoever in the event this event is cancelled, rescheduled or postponed due to any Act of God, fire, act of government or state, war, civil commotion, insurrection, embargo, industrial action, or any other reason beyond management control. CERTIFICATE OF ATTENDANCE 70% attendance is required for PetroSync s Certificate of Attendance DETAILS Please accept our apologies for mail or email that is incorrectly addressed. Please email us at registration@petrosync.com and inform us of any incorrect details. We will amend them accordingly. CHARGES & FEE(s) - For Payment by Direct TelegraphicTransfer, client has to bear both local and oversea bank charges. - For credit card payment, there is additional 4% credit card processsing fee. All bank charges to be borne by payer. Please ensure that PetroSync Global Pte Ltd receives the full invoiced amount. Confirmation I agree to PetroSync s terms & conditions,payment terms and cancellation policy. Authorized Signature : PAYMENT TERMS : Payment is due in full at the time of registration. Full payment is mandatory for event attendance.