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Amsterdam

Contractual Risk, Insurance and Indemnities

ID  676

Contracts Management and Law Training Courses

Contractual Risk, Insurance and Indemnities

Amsterdam

Hotel Name
Hotel Meeting Room

07 Apr 2025 : 11 Apr  2025

25 Hours

4950 USD

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Training Details

INTRODUCTION

In every organisation care is taken to manage risks, by seeking to eliminate those that can be removed, and reducing and managing the remainder. Part of this process involves developing robust contracts which apportion risk equitably and include a structure of indemnities with contractors, supported by a comprehensive insurance regime. In addition, it is important that contract personnel understand contractual risks and what insurance can (and cannot) do to remove the financial consequences of such risk; remembering always that insurance only mitigates the effect of risk, it does not make the risk itself go away. This programme is designed to:

  • Provide an understanding of contract structures, and how and why contracts are drafted in particular ways
  • Enhance understanding of the legal principles behind contracts
  • Provide an understanding of some of the main clauses in different types of agreements
  • Explain the commercial impact of particular provisions
  • Explore the usual models for indemnity regimes in international contracts
  • Enable participants to understand the significance, and limitations of such regimes
  • Help participants to understand the meaning of insurance arrangements, and the terminology used
  • Ensure participants appreciate the effect of insurance, and it limitations in the management of risk
  • Explain how to use contract provisions to reduce the risk of disputes
  • Where disputes do arise, show how the contract can be used to minimise these disputes, and some of the methods by which disputes are resolved in international contracting (including non-traditional approaches, such as mediation)

WHO SHOULD ATTEND?

  • Engineering
  • Projects
  • Construction
  • Tenders
  • Contracts
  • Legal
  • Insurance
  • Risk Management
  • Buying
  • Purchasing

PROGRAMME OBJECTIVES

  • A more in depth understanding of the elements of a contract
  • How to analyse complex contact documents, and understand the inter-relationship between clauses
  • How to develop effective indemnity regimes
  • Appropriate type and form of indemnities in different contracts
  • How to use indemnities to manage risks
  • The limitations of indemnity clauses
  • How to link indemnity and insurance arrangements
  • What types of insurance are available in a contracting context
  • How to develop insurance clauses
  • The latest thinking in dispute resolution techniques

TRAINING METHODOLOGY

The programme will combine conventional teaching with a high level of participation; including an interactive approach to involving participants in discussion of topics; exercises; and encouraging participants to bring their own experiences forward for discussion and debate.

PROGRAMME SUMMARY

  • Expanding the expertise of personnel involved in contract negotiation and management will allow tender preparation to be more effective, as clearer instructions can be given to lawyers, and the final document can be more focused to the company’s needs
  • Documents will also be more effective if all parties involved in their preparation and approval are confident in their understanding of the potential effect of important clauses, and of best practice in the area concerned
  • Skills learned on the course will allow contract negotiations to be conducted with more confidence, and with the ability to deal with issues quickly and with certainty, thus reducing the time taken to bring negotiations to a conclusion
  • Non-lawyers will find it easier to instruct and work with specialist lawyer colleagues, improving the performance of both parties
  • Dispute avoidance skills will be enhanced, as will the ability to manage such disputes as do arise in an effective manner
  • Delegates will be introduced to some of the latest international practices in dispute resolution, and shown how to build such practices into their contract documents
  • Heighten understanding of the meaning of contract wording, and the inter-relationship between clauses, and why contract law is important to you as either a Buyer or a Seller
  • Increase working knowledge of risk, legal implications and liabilities
  • Improve confidence in handling negotiations on contract wording, and an understanding of how contract wording is developed
  • Improve understanding of different approaches to important issues in contracts
  • The use of indemnities and insurance arrangements in major contracts, particularly in the oil and gas industry, in an international context.
  • Help develop general skills with application in these areas, and to allow participants to have a better understanding of these important provisions, which are frequently not understood by those operating the contract on a day to day basis.

PROGRAMME OUTLINE

  • DAY 1 - Commercial Risk and Mitigation through the Contract
    • The need for contracts
    •  Identifying risk 
    • Risk mitigation or impact mitigation? 
    • Title
    • Incoterms
    • Intellectual property
    • Types and nature of contracts
    • Definition of terminology i.e. Conditions of contract & terms of contract etc
    • Different legal systems - how to look for common practices but understand the differences 
  • DAY 2 - How and why Contracts are Drafted
    • Why we use contracts
    • Formation of a Contract
    • Oral or written?
    • The key elements of a contract
      • Terms and Conditions of contract
      • Liquidated damages/penalties
      • Limits of liability
      • Suspension and termination
      • Acceptance and Certificates
      • Guarantee/Warranty/Maintenance
    • Agency issues
    • The basic structure of a contract
    • Incorporating documents by reference
    • Standard Forms
    • Incorporating tender documents
    • Letters of Intent or Award
      • Letters of Comfort or Awareness
      • Side Letters
    • Bank bonds and Guarantees
    • Parent Company Guarantees
  • DAY 3 - Insurance
    • The purpose of insurance
    • What insurance covers, and what it does not
      • Limits on cover
      • Duty to disclose information
      • Meaning of “All Risks”
    • Relationship with risk management
    • Types of insurance used in contract clauses
      • Workmen’s compensation/employers’ liability
      • Third party/liability insurance
      • Property damage
      • Professional indemnity/errors and omissions
      • Construction All Risks
      • Motor and aviation
      • Marine insurance
      • Hull and machinery
      • Protection and indemnity (“P&I Clubs”)
    • Other relevant insurances
      • Pollution
      • Goods in transit
      • Business interruption
      • Unfair calling cover (bonds and guarantees)
      • Export credit insurance
    • Insurance for projects
      • Who arranges?
      • For whose benefit?
      • Extension to subcontractors (National Oilwell case)
      • Terms - involving contractors
  • DAY 4 - Indemnities
    • Meaning of indemnities
    • Making indemnities work - irrespective of negligence or breach of duty (the Piper Alpha litigation)
    • Link with insurance
    • Cross indemnities
    • Personnel
    • Property
    • Catastrophe risks
      • Value of covenant
      • Issues with indemnities under Civil Law system
    • Third parties
    • Liability in negligence - relationship with contract conditions
    • Claims handling
      • Managing claims under project policies
      • Making timely claims
      • Information
      • Involving insurers
      • Resolving disputes
      • Self insurance
  • DAY 5 - Resolving Disputes
    • Negotiation
    • Staged Dispute Resolution clauses
    • Litigation
    • Arbitration
    • Enforcement of Judgments and Awards
    • New best practices in dispute resolution
      • Mediation
      • Conciliation
      • Early Neutral Evaluation 
      • Expert determination 
      • Pendulum Arbitration

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Training other dates & Locations
62
07 Apr 2025   :  11 Apr 2025
Amsterdam
4950$
07 Apr 2025   :  11 Apr 2025
Milan
4950$
04 May 2025   :  08 May 2025
ON LINE
1750$
19 May 2025   :  23 May 2025
Boston
6950$
26 May 2025   :  30 May 2025
Cyprus (Larnaka)
4950$
02 Jun 2025   :  06 Jun 2025
Florida
6950$
08 Jun 2025   :  12 Jun 2025
Dubai
3250$
09 Jun 2025   :  13 Jun 2025
Roma
4950$
16 Jun 2025   :  20 Jun 2025
Barcelona
4950$
16 Jun 2025   :  20 Jun 2025
Prague
4950$
23 Jun 2025   :  27 Jun 2025
Dublin
4950$
30 Jun 2025   :  04 Jul 2025
California
6950$
30 Jun 2025   :  04 Jul 2025
Athens
4950$
06 Jul 2025   :  10 Jul 2025
Dubai
3250$
07 Jul 2025   :  11 Jul 2025
Washington
6950$
07 Jul 2025   :  11 Jul 2025
Zurich
5450$
13 Jul 2025   :  17 Jul 2025
Cairo
2750$
13 Jul 2025   :  17 Jul 2025
Dubai
3250$
20 Jul 2025   :  24 Jul 2025
Riyadh
2950$
21 Jul 2025   :  25 Jul 2025
Kuala Lumpur
3950$
28 Jul 2025   :  01 Aug 2025
London
4950$
03 Aug 2025   :  07 Aug 2025
Kuwait
3250$
04 Aug 2025   :  08 Aug 2025
Madrid
4950$
10 Aug 2025   :  14 Aug 2025
Dubai
3250$
11 Aug 2025   :  15 Aug 2025
Beijing
4950$
17 Aug 2025   :  21 Aug 2025
Dubai
3250$
17 Aug 2025   :  21 Aug 2025
Amman
2950$
25 Aug 2025   :  29 Aug 2025
Jakarta
3450$
25 Aug 2025   :  29 Aug 2025
Cape Town
5450$
31 Aug 2025   :  04 Sep 2025
Jeddah
2950$
31 Aug 2025   :  04 Sep 2025
Sharm El Sheikh
2950$
01 Sep 2025   :  05 Sep 2025
San Francisco
6950$
07 Sep 2025   :  11 Sep 2025
Dubai
3250$
08 Sep 2025   :  12 Sep 2025
Amsterdam
4950$
08 Sep 2025   :  12 Sep 2025
Milan
4950$
14 Sep 2025   :  18 Sep 2025
Casablanca
3950$
14 Sep 2025   :  18 Sep 2025
Dubai
3250$
22 Sep 2025   :  26 Sep 2025
Paris
4950$
29 Sep 2025   :  03 Oct 2025
Istanbul
2950$
29 Sep 2025   :  03 Oct 2025
Geneva
4950$
05 Oct 2025   :  09 Oct 2025
Dubai
3250$
05 Oct 2025   :  09 Oct 2025
Salalah
3450$
06 Oct 2025   :  10 Oct 2025
Vienna
4950$
13 Oct 2025   :  17 Oct 2025
Munich
4950$
19 Oct 2025   :  23 Oct 2025
Alkhobar
2950$
20 Oct 2025   :  24 Oct 2025
Toronto
5950$
26 Oct 2025   :  30 Oct 2025
Manama
3250$
26 Oct 2025   :  30 Oct 2025
Doha
3650$
03 Nov 2025   :  07 Nov 2025
Stockholm
4950$
09 Nov 2025   :  13 Nov 2025
Dubai
3250$
10 Nov 2025   :  14 Nov 2025
Boston
6950$
17 Nov 2025   :  21 Nov 2025
Roma
4950$
23 Nov 2025   :  27 Nov 2025
Marrakech
3950$
24 Nov 2025   :  28 Nov 2025
Prague
4950$
24 Nov 2025   :  28 Nov 2025
Hong Kong
5950$
24 Nov 2025   :  28 Nov 2025
Lisbon
4950$
01 Dec 2025   :  05 Dec 2025
Dublin
4950$
07 Dec 2025   :  11 Dec 2025
Dubai
3250$
08 Dec 2025   :  12 Dec 2025
Athens
4950$
15 Dec 2025   :  19 Dec 2025
California
6950$
15 Dec 2025   :  19 Dec 2025
Washington
6950$
22 Dec 2025   :  26 Dec 2025
Berlin
4950$

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