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09:00 - 09:45 45 mins
09:45 - 10:00 15 mins
Quick fire exchange

Take the opportunity to introduce yourself and state what you want to learn about and take away from this seminar. 

10:00 - 10:45 45 mins
Introduction and the Role of Insurance in the Ports and Terminals Sector

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.

10:45 - 11:20 35 mins
Morning coffee
11:20 - 12:05 45 mins
The developing role of the port in the supply chain
  • Matthew Wilmshurst - Senior Associate, Holman Fenwick Willan LLP
  • Publicly owned to privately owned
  • The port's position in the supply chain
  • Terminals' relationships with customers and users
12:05 - 12:35 30 mins
Mapping out Risk in the Ports and Terminal Sector in the Construction Phase

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

  • Construction All Risk (CAR)
  • Delay in Start Up (DSU)
  • Third Party Liability (3PL)
  • Environmental Impairment Liability (EIL)
  • Protection and Indemnity
  • Professional Indemnity (P)
  • Marine Cargo and Cargo DSU (CARGO)
  • Terrorism
12:35 - 13:40 65 mins
13:40 - 14:30 50 mins
The Key Risk and Insurance Issues that can Impact on Port and Terminals in the Operational 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.

  • Property
  • Liability
  • Business interruption
14:30 - 15:10 40 mins
Controlling Risks by Contract

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.

15:10 - 15:40 30 mins
Afternoon coffee
15:40 - 16:40 60 mins
Risk Assessment in Practice

This session will you the opportunity to work in groups to develop a risk assessment framework which will test your understanding of

  • Risk identification and evaluation
  • How do insurers value risks and under what criteria?
16:40 - 16:45 5 mins
End of Day One