Course syllabus for Marine risks and insurance

Course syllabus adopted 2021-02-02 by Head of Programme (or corresponding).

Overview

  • Swedish nameMarina risker och försäkringar
  • CodeMMS085
  • Credits7.5 Credits
  • OwnerTSILO
  • Education cycleFirst-cycle
  • Main field of studyShipping and Marine Technology
  • DepartmentMECHANICS AND MARITIME SCIENCES
  • GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail

Course round 1

  • Teaching language English
  • Application code 81121
  • Open for exchange studentsYes

Credit distribution

0119 Written and oral assignments, part A 5.5 c
Grading: TH		0 c0 c0 c5.5 c0 c0 c
0219 Examination, part B 2 c
Grading: TH		0 c0 c0 c2 c0 c0 c
  • 11 Okt 2024 pm L DIG

In programmes

Examiner

Eligibility

General entry requirements for bachelor's level (first cycle)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Specific entry requirements

The same as for the programme that owns the course.
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Course specific prerequisites

Knowledge and skills corresponding to the learning outcomes of the following courses:

MMS095 Commercial law
MMS101 Multimodal transport law and logistics contracts 

Aim

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.

Content

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)

Organisation

Lectures
Introduction and guest lectures have mandatory presence. The aim of the lectures 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 course description given literature.

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.

Assignments
Three written assignments in PM-form made in groups of 1-2 students depending on number of students in the class.

Written exam
Written, digital examination.

Literature

See course homepage.

Examination including compulsory elements

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

The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers on educational support due to disability.