MARINE MACHINERY - NAVIGATING THROUGH COMMON CLAIMS & EFFECTIVE RISK MANAGEMENT

OVERVIEW The primary objective of this study tour is to provide comprehensive insights into the common claims associated with marine machinery, and to equip marine insurers and adjusters with effective strategies for risk management.

Course Content Session 1: Introduction to Marine Machinery - Overview of marine machinery used in vessels and factories - Similarities and differences in operational environments Session 2: Common Claims in Marine Machinery - Types of Claims: breakdowns, maintenance issues, & operational errors - Case Studies: Analysis of Frequent Incidences & Claims Session 3: Causes & Impact of Machinery Claims - Root cause analysis of common claims - Financial & operational impacts on marine operations Session 4: Interactive Workshop - Participants analyse real-world scenarios - Group discussion on identifying potential risks & claims - Effective Risk Management & Best Practices Session 5: Risk Management Fundamentals - Principles of risk management in marine engineering - Risk assessment methodologies Session 6: Best Practices for Mitigating Risks - Preventative maintenance strategies - Training & operational protocols to reduce risks Session 7: Implementing Effective Risk Management Strategies - Developing a risk management plan for marine machinery - Case studies on successful risk management implementations