SOM006 – Marine Insurance & Carriage of Goods by Sea
Master of Science in Shipping Operations and Management
Core Course
SOM006 – Marine Insurance & Carriage of Goods by Sea
Course Unit Code: SOM006
Type Of Unit: Core
Level of Course Unit: 2nd cycle
Year of Study: -
Semester: -
Number of ECTS Credits: 10
Class Contact Hours: -
Mode of Delivery
Distance Learning
Prerequisites
None
Course Objectives
The aim of this course is to provide in-depth knowledge of the legal issues arising from the transportation of good by sea, and as well as principles regarding the governance of contracts of the carriage of goods by sea.
Learning Outcomes
- Demonstrate knowledge and understanding of the basic principles underlying time, voyage and bareboat charterparties.
- Know the key principles of the Hague-Visby Rules and the UK Carriage of Goods by Sea Act 1992.
- Identify and analyse the main types of dispute which commonly arise between the shippers, receivers and carriers of goods carried by sea.
- Apply the fundamentals of English commercial law to the resolution of such disputes.
- Analyse complex commercial problems in the shipping markets.
- Integrate the concepts of marine insurance to develop theoretical and practical alternatives in controlling insurable risks in the shipping industry. The course focuses on the fundamental issues in marine insurance and presents the relationship between the Marine Insurance Act 1906, case law and the standard terms of the Institute Clauses (cargo and hulls). The course also addresses General Average, the war risk insurance and P & I Clubs.
Course Content
Course Features
Planned learning activities and teaching methods
Pre-recorded audiovisual lectures
Exercises
Assignments
Extensive readings of the international literature
Live sessions
Assessment methods and criteria
30% 2 Assignments
70% Final Examination
Language of Instruction
English
Readings
Recommended or required reading
1. Brodie, P. (2007). Dictionary of Shipping Terms, 5th edition, London: LLP Ltd.
2. Coghlin, T., Baker, A.W., Kenny, J. and Kimball, J.D. (2008). Time Charters, 6th edition, London: LLP Ltd.
3. Cooke, J., Young, T., Tayloe, A., Kimball, J.D., Markowski, D. and Lambert, L. (2007). Voyage Charters, 3rd edition, London: LLP Ltd.
4. Dykstra, D.L. (2005) Commercial Management in Shipping, London: The Nautical Institute.
5. Gordon, L., Ihre, R., Sandervarn, A. and Hillenius, P. (2009). Shipbroking and Chartering Practice, 7th edition, London: LLP Ltd. Panayides, P. (2018). Principles of Chartering, 3rd edition, CreateSpace Independent Publishing Platform, North Charleston, South Carolina, USA. Bennett, H. (2006), The Law of Marine Insurance, Oxford: Oxford University Press.
6. Drewry. (1998), Marine Insurance: Issues, Practices and Costs, London: Drewry Publications.
Rose, F. (2004), Marine Insurance: Law and Practice, London: Informa Publishing
English (UK) 
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