Ocean Marine Insurance
The Burnham System
AMIM 121
PDF & MP3
Basic Study Material

The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Copyright © 2019 The Burnham System

AMIM 121
Digital & Audio Book

Ocean Marine Insurance Study Guide

The Burnham System is the gold standard for AMIM 121 study guide materials. Using our guide you will learn everything needed to pass the AMIM 121 Exam in the shortest time possible. Simply, you will learn more faster.


Included for FREE with your purchase of this Digital (PDF) Study Guide:

  • AMIM 121 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • Ethics IIA 311 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • Ethics IIA 311 Digital Study Guide Book, in PDF file format
  • Ray's answers to each assignment's review questions
  • Ray's definitions for each assignment's key words and other new terms
  • A sample diagnostic exam with answers and explanations


PDF Notice: PDF files are not printable. They are digitally annotatable.


Current Text Edition: 9th

Current Course Guide Edition: 9th


Ray's estimate of course difficulty (1, easiest and 10, hardest): 8


Number of study guide pages: 64

Covered within this study guide:

  • Ocean Marine Insurance Overview
  • Maritime Regulation
  • Maritime Security
  • Tramp Shipping
  • Chartering
  • Liner Shipping
  • Vessel Types
  • Containerization
  • Intermodal Transportation
  • Carriers
  • Tanker Operations
  • Vessel Management Companies
  • Terminal Operations
  • Stevedore Contracts
  • Containerization
  • Intermodal Transportation
  • Bills of Lading
  • Cargo Insurance, including Policies, Underwriting, and Loss Control
  • The American Institute Hull Clauses and Hull Property Coverage
  • Other Hull Forms
  • Freight
  • Loss of Charter Hire
  • Marine Liability Coverages
  • Hull and Protection and Indemnity Underwriting
  • Other Ocean Marine Coverages

As a good study guideline, figure anything in those 64 pages might be on your exam and that there will be nothing on your exam that is not covered in those 64 pages.


The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

$195.00