Course Details
Course Information Package
Course Unit Title | MARINE INSURANCE II | ||||||
Course Unit Code | ATMI202 | ||||||
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 | Types of Losses Actual and Constructive Total Loss Total Loss of an apportionable part Notice of Abandonment Liability and Marine Risks Marine Perils that are not subject to the proviso of exercise of Due Dilligence by the Assured: Perils of the Seas Fire and Explosion Piracy Marine Perils that are subject to the provision of exercise of Due Dilligence by the Assured, Owner, or Manager: The Inchmaree Clause Excepted Perils The Suing and Labour Clause Recovery of costs incurred by the assured that are associated with the aversion and minimisation of loss by him or his agents after the occurrence of an insured peril. Reinsurance Origins of Marine Reinsurance Purpose of Reinsurance Reasons for effecting reinsurance Principles Types of Reinsurance (facultative, quota share, non-proportional (surplus & excess of loss)) Case Study of General Average claim (Presentation and discussion) Case Study of C.T.L. claim (Part of the T.L. / C.T.L. lecture) Presentation of a recent Law Case on Piracy (Presentation and discussion) Mortgagees Interest Insurance (M.I.I.) & Mortgagees Additional Perils (Pollution) Historical background Definition Purpose of M.I.I. and M.A.P. (P.) covers Examples | ||||||
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Assessment methods and criteria |
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Language of instruction | English | ||||||
Work placement(s) | NO |