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: 2022/3

Module Convenor: Mr Anthony Rogers
Email: anthony.rogers@reading.ac.uk

Type of module:

Elective

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:

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


• Analyse legal clauses in charterparties. 


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


• Describe 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.

Contact hours:

	Autumn	Spring	Summer
Lectures		10
Seminars		5
Guided independent study:
Revision and preparation		85
Total hours by term	0	100	0
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written exam	100

Summative assessment- Examinations:

1 Exam to be completed within 2 hours

Summative assessment- Coursework and in-class tests:

A final exam lasting for 2 hours.

Formative assessment methods:

Penalties for late submission:

The below information applies to students on taught programmes except those on Postgraduate Flexible programmes. Penalties for late submission, and the associated procedures, which apply to Postgraduate Flexible programmes are specified in the policy £Penalties for late submission for Postgraduate Flexible programmes£, which can be found here: http://www.reading.ac.uk/web/files/qualitysupport/penaltiesforlatesubmissionPGflexible.pdf
The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

A minimum total final mark of 50%.

Reassessment arrangements:

By resit exam 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: 29 March 2022