ICM290-Maritime Law and Marine Insurance

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2020/1

Email: anthony.rogers@icmacentre.ac.uk

Type of module:

Summary module description:

The module provides an introduction to the principal issues of Admiralty law and practice including ownership and registration of ships, shipbuilding contracts, salvage and collisions and oil pollution from ships. It considers the standard forms of charterparties and provides a legal analysis of some of its clauses as well as several major legal aspects of carriage of goods by sea (law of freight, hire, laytime and demurrage) and ship-finance contracts.

Aims:

The module provides an introduction to the principal issues of Admiralty law and practice including ownership and registration of ships, shipbuilding contracts, salvage and collisions and oil pollution from ships. It considers the standard forms of charterparties and provides a legal analysis of some of its clauses as well as several major legal aspects of carriage of goods by sea (law of freight, hire, laytime and demurrage) and ship-finance contracts. The module also aims to provide an understanding of the marine insurance market, products and claims processes.

Assessable learning outcomes:

By the end of the module, it is expected that the student will be able to:

•Understand the main legal issues associated with purchasing, registering and operating vessels.

•Analyse legal clauses in charterparties.

•Appreciate the important legal aspects of carriage of goods by sea and ship-finance contracts.

•Understand the structure of the marine insurance market and claims processes.

Additional outcomes:

Outline content:

•Ownership and registration of ships and ship-building contracts

•Salvage, collisions and pollution

•Legal aspects of charterparties

•Carriage of goods by Sea

•Ship-finance terms

•Marine insurance market and claims

•Marine cargo insurance and risk assessment

•Hall and machinery insurance

Brief description of teaching and learning methods:

Lectures will be used for the exposition of theory. Classes will be used to discuss non-assessed problem sets and case studies. There will be 5 2-hour lectures and 5 1-hour seminars. The techniques used to achieve the stated module objectives will consist of a combination of active teaching, question-answer sessions, class discussions, group presentation and assignments.

Summative assessment- Examinations:

Summative assessment- Coursework and in-class tests:

A final exam lasting for 2 hours.

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:
: A minimum total final mark of 50%.

Reassessment arrangements:
As part of the overall examination arrangements for the MSc programme.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 4 April 2020