MSc in Health Education and Health Promotion

Course Information Package

Course Unit TitleMARINE INSURANCE
Course Unit CodeMLSB504
Course Unit DetailsMA/LLM Maritime Law and Shipping Management (Required Modules) -
Number of ECTS credits allocated8
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Understand the fundamental concepts of risk, loss and insurability of risk.
  2. Understand the fundamental principles of marine insurance law.
  3. Understand the different types of marine risks and applicable insurance cover for such risks.
  4. Understand the concept of reinsurance and different types of reinsurance cover.
  5. Analyse the application of different regimes of limitation of liability in the context of marine insurance.
Mode of DeliveryFace-to-face
PrerequisitesNONECo-requisitesNONE
Recommended optional program componentsNONE
Course Contents
• Definition of risk (direct loss/consequential loss) and insurability of risk;
• Risk management (risk avoidance, control, transfer and retention); 
• The fundamental principles of insurable interest, utmost good faith and indemnity;
• Types of risk in shipping (actual total loss, constructive total loss, partial loss, third party liability, expenses);
• Types of insurance cover (Hull & Machinery, Protection & Indemnity, Freight, Loss of Hire, War and Strikes Risks, Freight, Demurrage & Defence insurance, Cargo insurance);
• Salvage and General Average;
• Liability for maritime claims, global limitation and their relation to marine insurance.

Recommended and/or required reading:
Textbooks
  • Gürses, Ö. “Marine Insurance Law”. Routledge, 2015
  • Hazelwood, S.& Semark, D. “P&I Clubs: Law and Practice” (4th edition). Lloyd’s List, 2010
  • Dunt, J. “Marine Cargo Insurance” (2nd edition). Informa Law from Routledge, 2015
References
  • Bennett, H. “The Law of Marine Insurance” (2nd edition). OxfordUniversity Press, 2006.
  • Berlingieri, F. “Berlingieri on Arrest of Ships” (5th edition). Informa, 2011.
  • Gold, E. “GARD Handbook on P&I Insurance”. Assuranceforeningen GARD, 2002.
  • Martinez Guitérres, N.A. “Limitation of Liability in International Maritime Conventions: The Relationship between Global Limitation Conventions and Particular Liability Regimes. Routledge, 2011.
  • Rose, F. “Marine Insurance: Law and Practice” (2nd edition). Informa Law, 2012.
  • Tetley, W.&Wilkins, R.C. “Maritime Liens and Claims” 2nd edition. International Shipping Publications, 1998.
  • Tetley, W. “Marine Cargo Claims” (4th edition). Edition Yvon Blais, 2008. Williams, R., (2013), Gard Guidance on Maritime Claims and Insurance (GardAS, Arendal)
Planned learning activities and teaching methodsThe course will be delivered through lectures, discussions, and applying problem based learning (PBL)
Assessment methods and criteria
Intermediate Assignment40%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO