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

LAWS6172 Marine Insurance: Cover and Practice

Module Overview

London has a strong marine insurance and reinsurance market. The English law on marine insurance developed by the market and by the judiciary have influenced the legal principles of marine insurance globally. This module introduces marine insurance practice and marine cover, and considers the main legal issues arising from claims and the further developments of English law through cases. We will focus on specific types of risks and losses which a ship owner or a cargo owner will usually seek to cover in the marine insurance market, most notably partial or total loss of property and collision liability insurance under a hull and machinery policy; expenses and liability insurance from a P & I Club and also the range of cover which cargo interests may obtain. The key standard form contracts used in the London market are analysed and evaluated. This module will also look into some legal principles relating to insurance claims and liability in detail, notably causation and third party issues arising insurance claims including direct claims against insurers and insurers’ subrogated claims against wrongful third parties.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • The practice of marine insurance market and the main risks and losses covered by marine insurance and the extent to which English law is influenced by internationally accepted principles.
  • Existing areas of debate about what the law is and what it ought to be, both in England and internationally.
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 the modern standard form marine insurance contracts.
  • Identify and explain the main principles relating to marine insurance coverage and claims.
  • Apply the legal principles, with appropriate legal authorities, in the solution of complex problems.
  • Appraise and criticise existing debates in marine insurance claims under English law, using appropriate legal research skills.
  • Draft legal advice based upon such problems.
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 an indicative list of the content of the module: * Introduction to the Marine Insurance Market and Cover * Broker and Premium * Marine Risks arising from the Sea, Ship and Cargo * Risks Involving Human Activities and Interventions * Causation * Marine Losses and Sue & Labour * Third Party Issues: Direct Claims against Insurers * Subrogation

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

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

O Gurses (2016). Marine Insurance Law. 

Assessment

Formative

Essay

Summative

MethodPercentage contribution
Essay or problem question  (24 hours) 100%

Repeat

MethodPercentage contribution
Essay or problem question  (24 hours) 100%

Referral

MethodPercentage contribution
Essay or problem question  (24 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

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