Course Details
Course Information Package
Course Unit Title | MARINE INSURANCE I | ||||||
Course Unit Code | ATMI201 | ||||||
Course Unit Details | |||||||
Number of ECTS credits allocated | 5 | ||||||
Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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Mode of Delivery | Face-to-face | ||||||
Prerequisites | NONE | Co-requisites | NONE | ||||
Recommended optional program components | NONE | ||||||
Course Contents | Introduction : History and Development of Marine Insurance The Contract of Marine Insurance: Definition of the Marine Insurance Contract Insurable Interest Double Insurance Right to Contribution Return of Premium Subrogation Marine Insurance Contract Formation: section 22, Marine Insurance Act 1906 The policy Assignment of Policy Rectification Marine Insurance Policies: Types of Marine Insurance Policies Assignment of Policies The Premium Disclosures and Representations Duty of Utmost Good Faith Materiality Standard of Prudence Breach of Duty of Utmost Good Faith Warranties Express Warranties Implied Warranties Provision of practical examples and case studies in the following areas: Cargo Insurance Protection & Indemnity (P. & I.) Collision Claims Particular Average Claims Salvage Claims Builders Risks Insurance Yacht Insurance | ||||||
Recommended and/or required reading: | |||||||
Textbooks |
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References |
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Planned learning activities and teaching methods | Lectures, discussions & presentations | ||||||
Assessment methods and criteria |
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Language of instruction | English | ||||||
Work placement(s) | NO |