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Marine Insurance ClassesTHE BASICS OF GENERAL AVERAGE
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COURSE TITLE: |
The Basics of General Average |
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DATES & TIME: |
October 21, 2009 |
| CLASS CREDIT |
2 hours of CE Units, approved BY California DOI.
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PLACE: |
The Embarcadero Center #4 |
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TUITION: |
$25.00 per student |
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POLICY: |
Last day to cancel for
full refund is October 16, 2009. No refunds after October 16,
2009. |
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CLASS SIZE: |
70 max. |
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INSTRUCTORS: |
Stanley Gibson |
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DESCRIPTION: |
Modern cargo ship disasters frequently result in declarations of General Average, with the attendant withholding of cargo at the port of refuge until its owner posts security for its release. Marine cargo insurance plays a vital role in protecting cargo owners against the risk of having their cargo held for GA security and unduly prevented from reaching its intended destination.
This course introduces the attendees to the basics of the concept
General Average, how it works and is applied today. The course
teaches the underlying principles of GA, the legal requirements for
a GA declaration, the effect of such a declaration, the role of
marine cargo insurance in effecting prompt release of cargo, the
risks faced by uninsured cargo, the forms of security accepted, the
proper language to be included in such forms, and the role of the
General Average Adjuster. The course concludes with a practical
exercise dealing with a hypothetical General Average event and how
the sacrifices to save the venture are spread over the whole. |
| QUESTIONS: |
Registration questions? Contact email
ljitodai@gibsonrobb.com or call Lianne Jitodai (415) 979-2331 |
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