Postgraduate Module Descriptor

LAWM079: Marine Insurance

This module descriptor refers to the 2018/9 academic year.

Overview

NQF Level	7
Credits	30	ECTS Value	15
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