LAW OF MARINE INSURANCE II
- Law
- 800 level
- 3 credit units
- 63 pages
- 9 units
This course is an expose on the legal issues in marine insurance. It builds upon the foundational knowledge provided in Law of Marine Insurance I (CLL805). The course delves into the rights and obligations of parties involved in marine insurance contracts, as well as the legal relationships of marine insurance intermediaries. Specific issues are discussed under various study units using simple and digestible language to enhance understanding.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- None
- Content
- Theoretical, case study
- Practical work
- No
- Basic understanding of contract law
- Assignments
- Final examination
What you'll read
The real module and unit structure of CLL810, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
CLL810 · MODULE 1 FORMATION OF MARINE INSURANCE CONTRACT
Like all valid contracts, there must be the exchange of considerations. In the law of marine insurance, the consideration payable by the assured to the insurer to provide the cover against the risk insured against is called the premium.
What you should be able to do
- Understand the regulatory framework for marine insurance law.
- Explain the rights and obligations of parties in marine insurance contracts.
- Analyze the legal relationships of marine insurance intermediaries.
- Apply legal principles to practical situations in marine insurance.
- Evaluate the factors influencing premium determination.
- Understand the process of settling marine insurance claims.
What it prepares you for
- Insurance Broker
- Claims Adjuster
- Marine Underwriter
- Risk Manager
- Legal Consultant
- Shipping
- Logistics
- Insurance
- Finance
- Law
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Contractual Terms
Unit 1: Conditions and Warranties
Understanding the nuances between conditions and warranties, and their implications on the contract requires careful attention to detail and a solid grasp of contract law principles.
- Module 2: Contractual Terms
Unit 2: Implied Warranty
The concept of implied warranty, especially seaworthiness, involves understanding various technical aspects of maritime operations and the legal standards for vessel fitness.
- Module 6: Settlement of Marine Insurance Contracts
Unit 1: Preliminary Issues
Determining the proximate cause of a loss requires careful analysis of the chain of events and application of legal principles, which can be challenging in complex maritime incidents.
A suggested way through it
13 weeks, about 103 hours in total. Yours will differ.
- Week 1Module 1: Formation of Marine Insurance Contract
Unit 1: Negotiation/Proposal · 3 hours
Understand the negotiation process in marine insurance.. Identify key elements of a valid proposal.. Analyze the legal implications of disclosures and non-disclosures..
Unit 2: Consideration/Premium · 3 hours
Examine the role of premium as consideration in marine insurance.. Differentiate between marine and general insurance premium payment requirements.. Analyze factors influencing premium determination..
Unit 3: The Insurance Policy · 3 hours
Identify the essential components of a marine insurance policy.. Understand the legal implications of the First Schedule to the Marine Insurance Act.. Analyze the importance of accurate disclosures in policy placement..
- Week 2Module 2: Contractual Terms
Unit 1: Conditions and Warranties · 3 hours
Distinguish between conditions and warranties in marine insurance contracts.. Analyze the legal consequences of breaching conditions and warranties.. Understand the impact of the 'basis of the contract' clause..
Unit 2: Implied Warranty · 3 hours
Explore the concept of implied warranties under the Marine Insurance Act.. Analyze the implied warranty of seaworthiness and its implications.. Understand the consequences of deviating from the agreed voyage..
Unit 3: Excess and Average Clauses · 3 hours
Understand the purpose and application of excess clauses in marine insurance.. Differentiate between general and particular average.. Analyze the impact of average clauses on risk distribution..
- Week 3Module 3: Marine Insurance Intermediaries
Unit 1: Intermediaries · 4 hours
Identify the different types of marine insurance intermediaries.. Analyze the role of insurance brokers in policy placement and claim settlement.. Understand the legal requirements for insurance broker registration..
Unit 2: Obligations and Rights of Intermediaries · 4 hours
Examine the fiduciary duties of insurance brokers and agents.. Analyze the rights and obligations of intermediaries in marine insurance contracts.. Understand the consequences of breaching fiduciary duties..
- Week 4Module 4: Assignment of Marien Insurance Policy
Unit 1: Assignment of Marine Insurance Policy · 6 hours
Understand the concept of assignment in marine insurance.. Analyze the legal requirements for valid assignment of a marine insurance policy.. Understand the rights and obligations of the assignee..
- Week 5Module 5: Obligations of Parties to Marine Insurance Contracts
Unit 1: Rights of the Assured · 6 hours
Identify the rights of the assured under a marine insurance contract.. Analyze the assured's right to indemnity in the event of a loss.. Understand the circumstances under which the assured is entitled to a return of premium..
- Week 6Module 5: Obligations of Parties to Marine Insurance Contracts
Unit 2: Righters of the Insurer · 6 hours
Identify the rights of the insurer under a marine insurance contract.. Analyze the insurer's right to premium payment.. Understand the insurer's right to disclosure of material facts..
- Week 7Module 6: Settlement of Marine Insurance Contracts
Unit 1: Preliminary Issues · 4 hours
Understand the preliminary steps in settling marine insurance claims.. Analyze the importance of determining the cause of loss or damage.. Understand the role of average adjusters in claim settlement..
Unit 2: Measure of Indemnity · 4 hours
Analyze the factors determining the measure of indemnity in marine insurance.. Differentiate between total and partial loss.. Understand the implications of valued and unvalued policies..
- Week 8Module 6: Settlement of Marine Insurance Contracts
Unit 3: Excluded Losses · 6 hours
Identify losses excluded from coverage under marine insurance policies.. Analyze the impact of willful misconduct on coverage.. Understand the exclusion of losses caused by delay or inherent vice..
- Week 9Module 1: Formation of Marine Insurance Contract
Unit 1: Negotiation/Proposal · 9 hours
Review Module 1 key concepts and definitions.. Complete practice questions on contract formation.. Discuss real-world examples of marine insurance contracts..
- Week 10Module 2: Contractual Terms
Unit 1: Conditions and Warranties · 9 hours
Review Module 2 key concepts and definitions.. Complete practice questions on contractual terms.. Discuss real-world examples of conditions and warranties..
- Week 11Module 3: Marine Insurance Intermediaries
Unit 1: Intermediaries · 9 hours
Review Module 3 key concepts and definitions.. Complete practice questions on marine insurance intermediaries.. Discuss real-world examples of intermediaries..
- Week 12Module 4: Assignment of Marien Insurance Policy
Unit 1: Assignment of Marine Insurance Policy · 9 hours
Review Module 4 key concepts and definitions.. Complete practice questions on assignment of marine insurance policy.. Discuss real-world examples of assignment..
- Week 13Module 5: Obligations of Parties to Marine Insurance Contracts
Unit 1: Rights of the Assured · 9 hours
Comprehensive review of all modules and units.. Mock exam and review of answers.. Final preparation for the examination..
Preparing for the exam
- Create detailed outlines for each module, focusing on key definitions and legal principles.
- Practice applying legal concepts to hypothetical scenarios involving marine insurance claims.
- Review case studies to understand how courts have interpreted marine insurance policies.
- Focus on understanding the Marine Insurance Act 2004 and its implications.
- Create concept maps linking Units 3-5 database concepts
- Practice SQL queries from Units 7-9 weekly
- Prioritize understanding the rights and obligations of both the assured and the insurer.
- Pay close attention to the conditions and warranties discussed in Module 2, as they are crucial for exam questions.
- Review all self-assessment exercises and tutor-marked assignments to identify areas for improvement.
Questions students ask about this course
What is CLL810 about?
This course is an expose on the legal issues in marine insurance. It builds upon the foundational knowledge provided in Law of Marine Insurance I (CLL805). The course delves into the rights and obligations of parties involved in marine insurance contracts, as well as the legal relationships of marine insurance intermediaries. Specific issues are discussed under various study units using simple and digestible language to enhance understanding.
How many units does CLL810 have?
CLL810, LAW OF MARINE INSURANCE II, has 9 units across 4 modules, over 63 pages of course material. You can read it one unit at a time.
How many credit units is CLL810?
CLL810 carries 3 credit units, at 800 level in Law.
Is CLL810 hard?
CLL810 is rated intermediate level, with no mathematical content. It is mostly theoretical and case study work.
How long does CLL810 take to study?
About 156 hours of study, spread across its 9 units.
How is CLL810 assessed?
CLL810 is assessed by assignments and final examination.
What do I need before starting CLL810?
Basic understanding of contract law
What can I do with CLL810?
Insurance Broker, Claims Adjuster, Marine Underwriter, Risk Manager and Legal Consultant.