NSA 2510 Marine Insurance
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APPLIES TO ACADEMIC YEAR 2012/2013
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NSA 2510 Marine Insurance Responsible for the course Cathrine Bjune Department Department of Accounting - Auditing and Law Term According to study plan ECTS Credits 7,5 Language of instruction English Introduction The course gives an introduction to international marine insurance, which is insurance for ships and ships operations. Both direct insurance and reinsurance is covered. Common l insurance terms are discussed, as well as the specific terms applicable to marine insurance covers. The course covers the marine insurance markets worldwide as well as common conditions and rules applicable to different covers, focusing on the worlds second largest insurance market, the Scandinavian market. The students will learn to identifythe Owners, Charterers and other third party interests in the vessel. The course focuses on capital insurances, insurances for potential legal liabilities and insurances against freight losses. War insurance covers will also be discussed, as well as the principal covers and conditions for H&M insurance, P&I insurance, TLO and freight insurances. Claims handling and the role of the broker wil be covered Learning outcome Acquired knowledge The students will acquire an understanding of laws, rules and conditions applicable to international marine insurance, including:
Acquired skills: The students will be able to identify and assess the shipowners, charxterers and other third parties insurable interests in the relevant vessel. The students will be able to find and use available insurance covers, and to interpret and use them to solve practical cases. The students will also be able to assess different clauses and to distinguish between covers available in the different markets relating to different insurance covers. Reflection By understanding the concept and framework of marine insurance in an international context, the students will be able to reflect on the need and application of the covers. By being able to compare the conditions of different markets, they will be able to reflect on the quality and price of available covers. Prerequisites None. Compulsory reading Books: Falkanger, Thor, Hans Jacob Bull and Lasse Brautaset. 2011. Scandinavian maritime law : the Norwegian perspective. 3rd ed. Universitetsforlaget. Chapters 21 and 22. Tidligere utg. med tittel: Introduction to maritime law Other: Cathrine Bjune. 2010. Study guide in Marine Insurance. 200. Vil komme i ny utgave vår 2010 Cefor. Commentaries to the Marine Insurance Plan Det Norske Veritas. 2010. Norwegian Marine Insurance Plan of 1996 : version 2010. Available from URL: http://www.norwegianplan.no/nor/index.htm Handouts Recommended reading Books: Rhidian, Thomas, ed. 1996-2009. The Modern law of marine insurance. LLP. Trebindsverk Articles: Selected articles Other: Handbook on P&I Insurance. GARD P&I club Course outline
Computer-based tools None. Learning process and workload The course is conducted through a total of 45 hours of lectures, including case work in groups and discussions The students must hand in a written group assignment during the course. Other cases presented by the lecturer should be completed before review in class. Students are expected to attend lectures and to bring the Norwegian Marine Insurance plan to class. Recommended workload in hours
Examination A three-hour individual written examination concludes the course. Examination code(s) NSA 25101 - Written exam, counts 100% to obtain final grade in NSA 2510 Marine Insurance, 7.5 credits. Examination support materials All support materials allowed. Examination support materials at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids Re-sit examination At the next ordinary examination. Additional information |
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