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Postgraduate Module Descriptor


LAWM079: Marine Insurance

This module descriptor refers to the 2017/8 academic year.

Overview

NQF Level7
Credits30 ECTS Value15
Term(s) and duration

This module ran during term 2 (11 weeks)

Academic staff

Professor Robert Merkin (Convenor)

Pre-requisites

None

Co-requisites

None

Available via distance learning

No

This module is designed to familiarise you with the operation of the international market for marine insurance. The UK’s Marine Insurance Act 1906 has been adopted in many jurisdictions, and many policies are written on standard wording developed in London by Lloyd’s, marine insurance companies and P&I Clubs. You will examine the history of marine insurance, the operation of the market and the forms of insurance available to ship owners and cargo owners.  The module introduces you to the basic concepts of marine insurance law, including insurable interest, utmost good faith, the concept of indemnity and its consequences for insurers, and the role of London market insurance brokers. This module fits in with the modules on Carriage of Goods by Sea and Admiralty.

Module created

01/03/2013

Last revised

19/04/2016