Postgraduate Module Descriptor

LAWM079: Marine Insurance

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

Module Aims

The aim of the module is to provide you with a comprehensive introduction to marine insurance, explaining the forms of insurance available and the legal framework which applies to them. You will look at the standard forms of insurance wordings issued by the London Market, and you will learn to apply those wordings to common situations which arise. There are many current challenges, including the activities of pirates, and you will consider how both insurers and the law respond to these challenges.

Intended Learning Outcomes (ILOs)

This module's assessment will evaluate your achievement of the ILOs listed here - you will see reference to these ILO numbers in the details of the assessment for this module.

On successfully completing the programme you will be able to:
Module-Specific Skills1. Demonstrate a detailed knowledge of the forms of risk for which insurance is required and what policies are available to cover those risks;
2. Demonstrate a detailed knowledge of the legal framework applicable marine policies and the ability of the parties to contract out of the default rules laid down by the law;
3. Advise accurately and comprehensively on the application of the default rules and the most common market agreements to the most important risks covered by marine policies
Discipline-Specific Skills4. Demonstrate detailed and comprehensive knowledge and understanding of the complex web of case law dating back 300 years, statutory codification and market agreements
5. Demonstrate flexible and innovative ability to analyse the outcome of typical marine insurance disputes and to review critically the state of the law and whether any reform is needed
Personal and Key Skills6. Communicate key legal concepts to both legal and market audiences effectively, confidently and independently
7. Research and write concisely, confidently and autonomously on the application of the law to specific problem issues