Skip to main navigationSkip to main content
The University of Southampton
Courses

LAWS6171 Marine Insurance: Law and Principles

Module Overview

Marine insurance is the key device for the management of risk in international trade. London remains the leading global centre for its practice, covering risks from across the globe. Marine insurance contracts made under English law, and litigated and arbitrated in London, are vital to ensure the free flow of ships, cargo and crew required for trade to occur. Taught by a team of experts, this module provides a detailed study of the key legal principles on which those contracts are based and which differ significantly from the general rules of English contract law. The module will also provide comprehensive review of the changing nature of English marine insurance law, as the effects of the Insurance Act 2015 are felt within the industry.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • Demonstrate knowledge and understanding of the main principles under English common law and legislation that govern marine insurance policies
  • Describe and assess existing areas of debate affecting marine insurance law and policy.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Analyse relevant legal materials, including statutes, case law and appropriate secondary sources.
  • Identify and explain the main English law principles underpinning the law relating to marine insurance.
  • Apply the legal principles, with appropriate legal authorities, in the solution of complex problems.
  • Appraise and criticise existing debates in U.K. marine insurance law, using appropriate legal research skills.
  • Locate and analyse relevant legal and other primary and secondary source materials.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Distinguish relevant from irrelevant materials.
  • Identify and analyse key issues.
  • think critically, develop coherent arguments in writing.
  • Display clarity and objectivity in written discussion demonstrating an awareness of issue of academic integrity.

Syllabus

The following is indicative of the content of the module: * Introduction to marine insurance (history, codification, statute, books etc) *Insurable Interest, Formation (Lloyds) * Utmost Good Faith and Fair Presentation: Marine Insurance Act 1906 * Fair Presentation (Examples) & Insurance Act 2015 (incl Contracting Out) * Warranties and Implied Terms under Marine Insurance Act 1906 * Risk Management clauses under Insurance Act 2015 * Fraudulent Claims

Learning and Teaching

Teaching and learning methods

This module is taught through lectures (8x2hours) and seminars (3x2hours). Lectures will introduce the principles and structure of the subject. You are expected to provide the main input to the seminars where the principles introduced in the lectures are applied to hypothetical scenarios. The most important part of learning is your own independent study. This will, however, be closely guided, and firmly tied into the lectures, seminars and assessment. In the seminars you will have the opportunity to present arguments orally to a group of peers and defend your position under challenge.

TypeHours
Blended Learning22
Independent Study128
Total study time150

Resources & Reading list

O Gurses (2016). Marine Insurance Law. 

J Gilman QC, et al (2020 (with 2nd supp)). Arnould: Law of Marine Insurance and Average. 

Assessment

Formative

Essay

Summative

MethodPercentage contribution
Coursework  (4500 words) 100%

Repeat

MethodPercentage contribution
Coursework  (4500 words) 100%

Referral

MethodPercentage contribution
Coursework  (4500 words) 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

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

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.

Share this module Share this on Facebook Share this on Twitter Share this on Weibo
Privacy Settings