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Take the opportunity to introduce yourself and state what you want to learn about and take away from this seminar.
We are currently in an insurance purchasing environment which is weighted in the purchaser’s favour more than at any time that most insurance professionals will be able to recall; yet insurance is being seen as a commodity, rather than an asset to developments. Now is the time to transfer the greatest portion of risk possible with the minimum cost for such cover. Embracing this approach now will likely lead to a prolonged period of broader cover when (or if) the insurance market starts to harden and capacity reduces – with mergers and acquisitions of some major insurers picking up speed, there are some early signs of this change being on the horizon.
In this session we consider some of the insurance processes when risks can be identified, addressed and transferred if deemed necessary during the construction phase
When we move onto the operational phase of a ports development we have three essential areas of cover to consider. We also have to consider two major areas of operation – that of the Port Authority and that of the Terminal Operator.
Addressing statutory or contractual protection, his session will focus on some of the contractual measures Ports and Terminals can put in place to limit risk exposure.
This session will you the opportunity to work in groups to develop a risk assessment framework which will test your understanding of