The University of Southampton
Courses

LAWS6142 The Law of Ship Sale and Purchase

Module Overview

Ships are the key ingredient for the entire shipping community: from shipowners to mariners, ports and maritime administrations. Ships are built and sold under a number of very sophisticated standard form contracts regularly amended by quite complex provisions and subject to very restrictive rules. This 15 CATS module will examine the English law of shipbuilding and ship sale and purchase contracts and deal with the most common practical issues encountered by lawyers dealing with transactional work in the maritime business.

Aims and Objectives

Module Aims

Provide students with the general principles of the law and practice of transactions involving ships

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The general principles of the law and practice of transactions involving ships;
  • The main standard form contracts in use and the various legal issues to look out for in most transactions.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Use case law and statutory law competently;
  • Draft proper contractual clauses to avoid uncertainty and fulfil the most common clients requests.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Use non subject specific case law and literature; and
  • Master contractual drafting techniques.
Subject Specific Practical Skills

Having successfully completed this module you will be able to:

  • Use subject specific national and international case law and statutory law competently;
  • Draft proper shipbuilding and sale contractual clauses to avoid uncertainty and fulfil the most common clients requests.

Syllabus

The syllabus will focus upon the law of sale and purchase of new and second hand tonnage. - Introduction to sale and purchase: the market and the contracts - Sale and purchase transaction - Terms and conditions of the most common sale and purchase agreements - Shipbuilding contracts - Terms and conditions of shipbuilding contracts - Registration - The basics of a finance structure

Learning and Teaching

Teaching and learning methods

Teaching methods include: - Weekly seminars, incorporating individual student presentations with opportunities for group presentations; - Occasional consolidation case study or workshop; - Occasional guest presentations by practitioners within the ship transactional industry. Learning activities include: - Directed reading, as per distributed reading lists; - Additional reading as provided on Blackboard lists; - Attendance at weekly and guest seminars; - Engagement with daily business reports in news media, whether online or in newspapers, to promote an understanding of contemporary issues affecting ship financing.

TypeHours
Independent Study130
Teaching20
Total study time150

Resources & Reading list

F. Lorenzon, C. Debattista (2013). The Sale of Ships Under the Singapore Form. 

I. Goldrein et al (2012). Ship Sale and Purchase. 

Coles, E Watt (2009). Ship Registration: Law and Practice. 

M. Strong, P. Herring (2010). Sale of Ships: the Norwegian Saleform. 

Curtis (1996). The Law of Shipbuilding Contracts. 

Assessment

Formative

Individual Presentation

Summative

MethodPercentage contribution
Assessment  (2 hours) 100%

Repeat

MethodPercentage contribution
Assessment  (2 hours) 100%

Referral

MethodPercentage contribution
Assessment  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Key texts and journals are already available at Hartley. Negotiations for the purchase of a practitioner’s work at student price are underway.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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