Course syllabus

Course-PM

 

Course name:     Course code:   Credits:     Teaching language:

Marine risks and insurance   MMS085   7,5 c     English

Academic year:     Study period:   Programme that owns the course:   Department offering the course:

2022/2023     Sp3   International logistics (TSILO)   Mechanics and Maritime Sciences

 

Examiner:   Other staff:

Robert Severin, robert.severin@chalmers.se, 031-772 26 86   Lars-Göran Malmberg, larmalm@chalmers.se.   Oscar Allestam, oscar.allestam@chalmers.se, 031-772 50 40.

 

Course purpose

The aim of the course is to:

• Introduce and explain the concept risk from an insurance perspective;
• From authentic information perform risk analyses of vessels and their activities;
• Provide knowledge about the regulations and agreements that governs the Swedish marine insurance market;
• Introduce and provide skills in understanding and interpreting insurance rules and conditions;
• In authentic cases assess and adjust damage and claims in accordance with applicable rules, in particular in connection with hull- and P&I-insurance.

 

Learning outcomes (after completion of the course the student should be able to)

• Explain and define the concept of risk from an insurance perspective;
• Identify areas of risk and exposure for maritime, transport and adjacent activities;
• Evaluate risk and present risk analyses;
• Account for the insurance market’s risk distribution through co-assurance and reassurance;
• Account for the laws and regulations that governs the Swedish marine insurance market;
• Orient and navigate in the insurance rules;
• Adjust claims in accordance with Hull-conditions;
• Evaluate liability claims in relation to law and apply P&I-insurance rules;
• Apply cargo insurance conditions.

 

Course literature

The course compendium and other course material are assessable through Canvas.

 

Organisation

Lectures

Introduction and guest lectures have mandatory presence. The aim of the lecture is to explain concepts, exemplify situations and to review and discuss court cases, texts of agreements and clauses.

Literature studies

Students are encouraged to read before each lecture in the literature designated for the course activity in question.

Study questions

For each area there are study questions which largely reflects the learning outcomes of the course and are designed in a similar way to exam questions.

Written exam

Written, digital examination.

 

Examination including compulsory elements

The course is examined by the assignments (Part A) and a written digital exam (Part B).

Each part is graded with U/3/4/5. The grade of the assignments (Part A) constitutes the main grounds for the final grade. If a student is close to achieving another grade on the assignment, a higher grade on the digital exam (Part B) may rase final grade by one step.

The assignments (part A) consist of group projects and are divided into three parts, all of which are examined through tutorials, in which the students shall be prepared to present their work.

Grade limits for the course are: 0-49 % = U, 50-69 % = 3, 70-84% = 4 and 85-100 % = 5.

If the student does not achieve a passing grade on the assignments, the student will be given an opportunity to complete it to a passing grade.

 

Dates for the examining modules

0119              Written and oral assignments (part A)

Tutorial 1: 17 – 18 April 2023

Tutorial 2: 4 – 5 May 2023

Tutorial 3: 10 – 11 May 2023

 

0219              Written, digital examination (part B): 3 June 2023 (pm).

 

Aids permitted during the digital examination

The students are permitted to bring any and all material to the digital examination.  

 

Course content and overview  

The course is an introduction to marine insurance with sections covering the following topics:

• Risk evaluation (included in part 1 of the assignment)
• Swedish insurance law
• Hull and Machinery insurance H&M, NMIP 2013 (part 2 of the assignment)
• Protection and Indemnity Insurance (part 3 of the assignment)
• Cargo insurance (Swedish conditions AV2007).

The course content will primarily be based on lectures and assignments suited to the learning outcomes and topics mentioned above. Before the submission of each part of the assignment, the students will be given the opportunity to book tutorial sessions for guidance in their writing processes.

More details of the course content will be published on the course page.

 

Changes since the last course instance

The course has a new examiner as well as lecturers and other staff since the last course instance.