The Association of Average Adjusters

The Association’s examinations are open to all who wish to take them, provided they have a bona fide interest in marine insurance or the marine industry in general.

The examinations required for the categories of membership are as follows:

ASSOCIATE

Module 1:	The Marine Insurance Act 1906 and related principles of insurance.
Module 2:	Hull and Cargo claims.

These modules can be taken in any order and the pass mark is 60% per paper with a distinction being awarded for 80%. The papers are of 2½ hours duration. Specimen papers and a list of topics for each examination are now available for downloading from this page. Roughly 75% of the Module 2 will be related to Hull and Machinery claims, with the emphasis on the standard clauses and claims for damage repairs; only an outline knowledge of general average is required.

Copies of the papers set for Modules 1 & 2 in April 2008 can be downloaded from this page; other sample questions may also be downloaded.

The Examination Handbook is in the process of being updated and will provide further guidance in the near future.

FELLOW

Module 3:	General Average, Salvage and Carriage of Goods by Sea
Module 4:	Hull Claims
Module 5:	Collision liabilities, ancillary insurances on ships, cargo claims
Module 6:	Practical Adjustments

These modules require a detailed knowledge of their subjects and the pass mark is 75%. The papers for Modules 3, 4, and 5 are of 3 hours duration. The Practical Adjustment paper lasts 5 hours and texts of the York Antwerp Rules and standard clauses etc are provided.

Modules 4 and 5 cover wholly or in part elements of module 2, but at a more advanced level. Modules 1 and 2 may be sat in April and October of each year (as from 2008).

Further information can be obtained form the Convenor of the Examination Committee:

David Pannell [pannellandcompany@hotmail.com]

EXAMINATIONS OCTOBER 2010

Dates

On Wednesday 27 October 2010 candidates will be able to sit Modules 1 and 2 for the Associateship qualification.

There will be no sittings of the Fellowship Modules 3, 4, 5 and 6 in October.

Exam venues

Arrangements will be made for candidates based in the UK to sit the examinations in London and Liverpool.  Arrangements will also be made for overseas candidates to sit the examinations in Hong Kong, Singapore and Athens.  Exam centres in other major world centres can be arranged but candidates may be asked to pay these exam centres’ local charges in addition to the examination charges (see below).

Fees

The fees for the examinations will be as follows:

Candidates sitting the examinations in the UK:   GBP 125.00 per Module (plus VAT). 

Candidates sitting the examinations in overseas centres:  GBP 150.00 per Module (or USD equivalent).

NOTE: Effective from 1 Janauary 2011 the fees for each Module will be as follows:

• UK Candidates: GBP 175.00 (plus VAT) per Module.
• Overseas Candidates: GBP 275.00 (or USD equivalent) per Module.

Applications

Candidates wishing to sit any of the Modules in October 2010 should apply by the deadline of Tuesday 31 August 2010.

All prospective candidates are requested to contact the Association’s examinations
co-ordinator, as follows:

David M Pannell, Pannell & Co, 52 Harvey Road, Guildford GU1 3LU, United Kingdom.   Telephone +44 1483 566 533   Email:  pannellandcompany@hotmail.com

The relevant forms 1A and 1B may be downloaded from this site.

 

IMPORTANT NOTICE

In the light of feedback from examinees, the Examination Committee has recently reviewed the list of topics for Modules 1 and 2, and an amended version is now shown on this website, which is intended to provide more detailed guidance as to how candidates should approach the different areas of knowledge required. For Module 1 a brief list of law cases that illustrate some of the fundamental principles found in the Marine insurance Act has now been included : candidates will not be expected to show a detailed knowledge of law cases other than those listed.

A recommended book list is also shown in the separate Guidance Notes for Candidates.