Overview
The “Marine Law and Marine Insurance” course covers both the legal principles governing maritime activities and the insurance mechanisms that protect those activities.
Full Details
The course may include the following modules and topics:
Marine Law Contents
– Introduction to marine law: sources, history, and international conventions.
– Legal aspects of shipping: contracts, ship finance, vessel registration, and ownership
– Shipping policies and regulations, including compliance with port and flag state legislation.
– Maritime contracts: charter parties, carriage of goods, bills of lading.
– Vessel’s liabilities: collisions, salvage, general average, wreck removal, limitation of liability.
– Marine pollution: claims, liability, and international conventions.
– Dispute management: litigation, arbitration, and alternative dispute resolution (ADR) methods.
– Admiralty court procedures and drafting pleadings for maritime disputes.
Marine Insurance Contents
– Introduction and history of marine insurance.
– Fundamental principles of marine insurance contracts: utmost good faith, insurable interest, indemnity, subrogation, contribution, proximate cause
– Legal principles: Marine Insurance Act 1906, Insurance Act 2015, Lloyd’s market policies.
– Types of marine insurance: cargo, hull and machinery (H&M), freight, mortgage interest, protection and indemnity (P&I), blockade and war risks.
– Marine insurance policy forms: voyage, block, time, mixed, valued, unvalued, floating policies.
– Preliminaries to policy issuance: role of marine insurance brokers, payment of premium and duration of cover.
– Conditions and warranties, change of voyage, deviation, delay.
– Measure of indemnity: calculation of total, partial, and freight losses.
– Standard insurance clauses, marine perils (risks insured against), and marine losses.
– Claims management: recovery of marine insurance claims, global limitations and insurer’s liability.
Course Outcomes
– Analyze insurable interests, risks, and legal issues in maritime contexts.
– Draft pleadings and petitions for admiralty court/arbitration.
– Evaluate the rights and obligations of parties under marine insurance contracts.
These contents can be used to design a syllabus, study plan, or module outline for a course in Marine Law and Marine Insurance. Each item ensures students grasp both the theory and practical application of legal and insurance principles in the maritime sector.