Marine insurance is a fascinating and important area of international shipping law. Shipping has always been perilous - adverse sea conditions, piracy, accidents and pollution at sea, deterioration of goods during transportation - and both owners of vessels and cargo have increasingly sought, over the years, to protect themselves in the event of loss. This module deals with the law of marine insurance. This module will examine, among other issues, the definition and formation of a marine insurance contract (including the duty of disclosure and insurable interest), the parties to the contract and the various risks covered (as well as those excluded), what constitutes evidence of the contract and its terms, claims under the contract, assignment, subrogation and contribution, the rule of proximate cause, and the diverse forms of loss that a vessel or cargo owner might suffer.
The module will provide students with a good knowledge of all the important aspects of Marine Insurance Law and some appreciation of the practical issues confronting lawyers when dealing with marine insurance. It will encourage them to analyse areas of difficulty in the law and to apply their knowledge and critical abilities to factual problems.
30 Credits