Sanctions and Container Cargo Insurance: A Practical Workshop for Traders, Insurers and Bankers

Programme Highlights

This comprehensive full-day course combines two essential aspects of marine cargo insurance: the implications of sanctions and the practicalities of container cargo insurance.

Participants will gain a thorough understanding of how sanctions influence insurance underwriting, claims, and regulatory compliance, with a focus on global and Asian perspectives.

The course also explores the evolving landscape of container cargo insurance, container vessels, covering the key risks, types of losses, emerging trends and opportunities in global container trade.

Through expert-led sessions and practical case studies, attendees will learn to navigate the complexities of sanctions and container cargo insurance with confidence. Real-world examples will be presented offering valuable insights into how to address common challenges. Traders, insurers, and banks will benefit from actionable guidance on best practices, risk mitigation strategies, and compliance measures, ensuring they are equipped to optimize their operations and uphold regulatory requirements.

By the end of the course, participants will leave with a clear understanding of how sanctions and container cargo risks intersect with marine insurance, empowering them to make informed decisions and enhance their professional expertise.

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7 CPD Hours
Mode: Face-to-Face Training
Date: 26 February 2025
Time: 9.00 a.m. to 5.00 p.m.

For Whom

Traders: Importers, exporters, and freight forwarders seeking to better understand the impact of sanctions and cargo risks on their operations.
Bankers: Trade finance specialists, compliance officers, and risk managers involved in financing or insuring cargo shipments.
Insurers and Underwriters: Marine insurance professionals handling underwriting and claims related to sanctions and container cargo risks.
Logistics and Supply Chain Professionals: Individuals managing cargo transportation, shipping logistics, and associated risk mitigation.

Key Learning Objectives

At the end of the programme, participants should be able to:

Understand the definition, types, and impacts of sanctions on marine cargo insurance.
Know the key regulatory bodies and compliance requirements in Asia and globally.
Identify risks associated with container shipments and their potential losses.
Understand how sanctions and evolving trade dynamics influence underwriting and claims handling.
Recognize common trends and practical examples to apply best practices in the field.
Understand the risks involved with actionable do’s and don’ts for insurers, traders, and banks.

Programme Outline

Part 1: Sanctions and Marine Cargo Insurance

Introduction to Sanctions and Insurance – What Does It Mean?
Definition and Types of Sanctions.
Key Regulatory Bodies Including Asia.
How Sanctions Affect Underwriting & Claims.
Common/Emerging Trends & Real-World Examples.
Do’s and Don’ts for Insurers.
Case Study Learning.

Part 2: Container Cargo Insurance – Practical Risks and Opportunities

Overview of Containers, Container Vessels, Trends, and Trade.
Key Risks of Container Shipments – Understanding Types of Losses.
Common/Emerging Trends & Real-World Examples.
Do’s and Don’ts for Insurers.
Case Study Learning.

Programme Leader

Quek Keng Seng has more than 34 years of insurance practice. Currently, he is the Regional Marine Underwriter at Berkley Insurance Asia. Prior to this, Keng Seng was the Chief Executive Officer and Managing Director of a Lloyd’s service company in Singapore. Keng Seng was also working in AXA with business throughout the Asia-Pacific region.

Programme Fee

Full Course Fee: S$414.20 (incl. of 9% GST)

Last Updated Date:

20/12/24