LLM Marine Insurance

Students studying on the Birmingham CampusModule leader: Dr Steven Hazelwood

Module description:

This option will not only provide a thorough knowledge of the law and practice of the insurance of maritime adventures but will also provide a grounding in many principles applicable to contracts of insurance in general. Concepts such as insurable interest, utmost good faith, warranties and reinsurance are common throughout the law of insurance. In this way the course will be of value for those interested generally in commercial law. For those seeking to specialize in shipping law, marine insurance is an essential complement to the module on Maritime Law. Whilst the latter explains who might be liable for ships colliding, sinking and causing loss of life and personal injuries, marine insurance will answer the question of who pays for such misfortunes – that is, the insurer, provided the shipowner, mortgagee, charterer, sub-charterer or cargo owner has in place valid and appropriate insurance coverage.

Whilst the course will focus on English law and practice of marine insurance, references will be made to variations found in other major jurisdictions such as the USA and Norway.

Seminar topics:

  • Introduction: the markets, Lloyd’s, ILU, the Marine Insurance Act 1906, Lloyd’s SG and Open Form policies, Institute Clauses
  • A Contract of Indemnity, Insurable interest, Subject-matter Insured
  • The making of a contract of marine insurance. The Role of Brokers. A contract of the utmost good faith; non-disclosure and misrepresentation.
  • Types of Policy: Time and Voyage policies: Valued and Unvalued. Assignment of policies.
  • Perils insured against. Hull and Cargo insurance.
  • Proximate Cause
  • Exclusions
  • Warranties
  • Measure of Indemnity
  • Saving Acts/Protection and Indemnity Insurance

Methods of assessment

Modules on the LLM programmes will be assessed in one of the following ways. As this website is set up in advance, it is not possible to specify which method of assessment will be implemented for each module.

Either:

  • One 6000 word essay

Or

  • One 3-hour written examination

If you'd like to find out how a module will be assessed in the forthcoming academic year please contact the LLM Programmes Administrator at Law-LLM@contacts.bham.ac.uk.

 

Disclaimer

Modules and Courses are constantly updated and under review. As with most academic programmes, please remember that it is possible that a module may not be offered in any particular year, for instance because a member of staff is on study leave or too few students opt for it. The University of Birmingham reserves the right to vary or withdraw any course or module.