Lesson Notes By Weeks and Term - Senior Secondary 2

Marine insurance IV

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Term – 2nd Term

Week: 4

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Insurance

Topic:-       Marine insurance IV

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. List and explain the types of marine insurance

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on marine insurance

Students pay attention

STEP 2

EXPLANATION

He lists the types of marine insurance

 

 

Students pay attention and participates

STEP 3

DEMONSTRATION

He explains the types of marine insurance

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

MARINE INSURANCE

TYPES OF MARINE INSURANCE

  1. Marine Insurance:

This is a type of insurance which covers the ship against damages which

may result from the perils of the sea. The policy can be taken to cover the

hull (body of the ship) against damages by storm, collision and fire. It may

be for a specific time or journey.

  1. Cargo Marine Insurance:

This is a type of insurance which covers the goods or cargoes carried by a

ship. It is taken to cover loss arising from damage to cargo while in transit.

NOTE THAT:

a. Cargo Marine Insurance is very important in foreign trade and it must be

stated whether the importer or exporter will be responsible for the

insurance of the cargo.

b. It is a valued policy based on the value stated on the invoice.

 

  1. Ship Owners Liability:

This is a type of insurance that covers all risks or losses for which the

owner of the ship or its employees are liable for negligence in handling of

goods, injury to crew on board, damage to other ships or to ports. The

liabilities include the cargo, passengers, crew members, fixed installations

at wharves and beaches liable to be damaged by the action of the ship.

 

  1. Freight Insurance: This is a type of insurance/policy taken to cover

against refusal to pay charges for lifting the goods. The shipper covers

himself against loss for sums paid out in freight if the cargo was lost in

transit before reaching its destination.

EVALUATION:    1. List and explain the types of marine insurance

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively