Course syllabus for Basics of law and economics

The course syllabus contains changes
See changes

Course syllabus adopted 2022-02-22 by Head of Programme (or corresponding).

Overview

  • Swedish nameJuridisk och ekonomisk översiktskurs
  • CodeMMS255
  • Credits7.5 Credits
  • OwnerTISJL
  • 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 Swedish
  • Application code 76131
  • Open for exchange studentsNo
  • Only students with the course round in the programme overview.

Credit distribution

0122 Examination, part A 6 c
Grading: TH		6 c
  • 31 Okt 2024 am L
  • 17 Jan 2025 pm L
  • 22 Aug 2025 pm L
0222 Written and oral assignments, part B 1.5 c
Grading: UG		1.5 c

In programmes

Examiner

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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

-

Aim

The course gives knowledge and skills in law and compliance with focus on the areas that are relevant for the role as mariner within Swedish law and international conventions. The economy part gives basic knowledge in chartering of ships.

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

Juridical learning outcomes:

1. Identify and civil law from administrative and criminal law
2. Explain the relation between international conventions and national law
3. Explain and evaluate forms of associations within the shipping industry
4. Apply basic principles in contract and sale of goods law and to understand delivery clauses
5. Differentiate type of vessels and apply rules on ships nationality and register
6. Account for and apply rules on shipowners’ liability and workers liability
7. Account for function and liability in ship management
8. Apply basic regulations in Swedish and international employment laws
9. Monitor and control compliance in accordance with maritime security regulations
10. Account for the main features of salvage, lifesaving at sea and marine insurances
11. Apply relevant regulations regarding environment and work environment.
12. Relate to business ethics issues.
13. Relate to ethical issues in relation to employment law.

Economic learning objectives:

1. Explain the concept of "Ship Management and Commercial Management" and know how to explain what both concepts mean
2. To know which four different shipping markets exist and the meaning of each of them
3. Explain the meaning of the basic charter forms Bareboat (BB), Time Charter (TC), Contract of Affreightment (COA), Voyage Charter (VC) and as well clarify the cost distribution for each different charter form
4. To calculate a simple voyage calculation (with given values) and be able to explain what TCE (Time Charter Earnings) is and what its function is in ship chartering?
5. What are "Charter Parties and Voyage orders" and why do these exist in shipping?
6. Laytime - what is it? How does it work? How do you calculate an easy laytime calculation?
7. Demurrage - what is it? How does it work? How do you calculate an easy demurrage calculation?
8. Speed and bunker consumption - what is that? How does it work and how can the machinery department contribute positively to this and what does the FIFO method imply?

Content

Law content:
  • Introduction to law (learning goal 1)
  • International conventions and Swedish law (2)
  • Introduction to law of associations (3)
  • Basic contract and commercial law. Incoterms
  • Ship management (Shipman), och bareboat agreememnts (Barecon) (5) (7)
  • Employment law: LAS and MBL. MLC
  • Safety at sea SOLAS and ISPS
  • Marine insurance conditions MMIP, TSC Rules
  • alvage and rescue at sea. LOF

Economic content:
  • The concepts of “Ship Management and Commercial Management”
  • The four shipping markets
  • Functions of the different charter forms and its respective cost allocations
  • Voyage calculations
  • Negotiations in ship chartering
  • The principles for laytime calculations and demurrage calculations
  • How do voyage- and bunker orders work and what do they include - which the operation- and chartering department send to the vessels?

Organisation

Law part (part A):
  • Lectures
  • Training sessions
Economics part (part B):
  • Lectures

Literature

Law literature:
  • Praktisk Sjörätt, 3rd edition Isbn: 9789172238138
Economic literature:
  • Material will be available on the course page on Canvas

Examination including compulsory elements

Part A is examined by written digital examination. Part B is examined by an assignment.

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.

STCW

  • A-III/1 Monitor compliance with legislative requirements
    Also in course:MMS040,
  • A-III/2 Monitor and control compliance with legislative requirements and measures to ensure safety of life at sea, security and protection of the marine environment
    Also in course:LNB802,SJO571,

The course syllabus contains changes

  • Changes to module:
    • 2024-08-13: Digital exam No longer digital exam by Examinator
      [0122 Examination 6,0 credit] Changed to no digital examination inspera