Module LAWM079 for 2017/8
- Overview
- Aims and Learning Outcomes
- Module Content
- Indicative Reading List
- Assessment
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.
| On successfully completing the programme you will be able to: | |
|---|---|
| Module-Specific Skills | 1. 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 Skills | 4. 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 Skills | 6. 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 |
How this Module is Assessed
In the tables below, you will see reference to 'ILO's. An ILO is an Intended Learning Outcome - see Aims and Learning Outcomes for details of the ILOs for this module.
Formative Assessment
A formative assessment is designed to give you feedback on your understanding of the module content but it will not count towards your mark for the module.
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Essay | 2,000 words | 1-7 | Written/oral |
Summative Assessment
A summative assessment counts towards your mark for the module. The table below tells you what percentage of your mark will come from which type of assessment.
| Coursework | Written exams | Practical exams |
|---|---|---|
| 80 | 0 | 20 |
...and this table provides further details on the summative assessments for this module.
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Essay | 80 | 7500 words | 1-7 | Written/oral |
| Small-group presentations | 20 | 15 min. per group | 1-7 | Written/oral |
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
Re-assessment
Re-assessment takes place when the summative assessment has not been completed by the original deadline, and the student has been allowed to refer or defer it to a later date (this only happens following certain criteria and is always subject to exam board approval). For obvious reasons, re-assessments cannot be the same as the original assessment and so these alternatives are set. In cases where the form of assessment is the same, the content will nevertheless be different.
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Essay | Essay (7,500 words) | 1-7 | August/September assessment period |
| Small group presentation | Individual oral presentation (7 minutes) | 1-7 | Summer Term |
