| CODE | INS3502 | ||||||
| TITLE | Marine and Transportation Insurance | ||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||
| MQF LEVEL | 6 | ||||||
| ECTS CREDITS | 6 | ||||||
| DEPARTMENT | Insurance and Risk Management | ||||||
| DESCRIPTION | This study-unit will provide the students with product-based information of a variety of commercial lines insurance policies particularly those related to transportation. The study-unit will cover features of policy cover, exclusions, extensions and other related terms and conditions. A brief overview of general underwriting and claims processes will also feature. The following will be the classes tackled: - Commercial vehicle insurance; - Marine Hull, Cargo and marine liability insurance; - CMR insurance. Study-Unit Aims: This study-unit aims to provide students with a general understanding of the policy aspects of the following commercial lines products: - Commercial vehicle insurance; - Marine Hull, Cargo and marine liability insurance; - CMR. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: a) obtain a general knowledge of Commercial Lines Insurance products and services which include products such as: - Commercial vehicle insurance; - Marine Hull, marine liability and Cargo insurance as well as CMR; b) obtain a general knowledge of how Commercial lines protect businesses against potentially devastating financial losses caused by accidents, lawsuits, natural disasters and other adverse events; c) obtain a general knowledge of the coverage available and premium costs and how they vary by business type, size, and location. 2. Skills: By the end of the study-unit the student will be able to: - read and interpret different commercial lines insurance policies; - explain the various wording, terms and provisions of motor and marine policies; - provide explanation of the intention of the various sections of cover and exclusions. Main Text/s and any supplementary readings: Main Texts: - Commercial Insurance - The Chartered Insurance Institute (2016). - Law of Marine Insurance By Susan Hodges (Cavendish Publishing Limited). - The Institute Clauses Handbook By N.G. Hudson & JC Allen (Lloyd’s of London Press Ltd). - The Principles of Marine Insurance By H.A. Turner & EV Alexander (Stone & Cox Publications). - Chalmers’ Marine Insurance Act, 1906 By E.R. Hardy Ivany (Butterworths). - P&I Clubs – Law and Practice By Steven J. Hazelwood (Lloyd’s of London Press Ltd). - Reference Book of Marine Insurance Clauses (Witherby Publishing). - Marine Insurance Claims By J. Kenneth Goodacre (Witherby Publishing). - Surveying Marine Damage By Captain CB Thompson (Witherby Publishing). - Scrutton on Charterparties & Bills of Lading By Mocatta, Mustill & Boyd (Sweet & Maxwell). - The CMR by Alan E. Donald (Derek Beattie Publishing). - The Law and Practice of International Trade by Clive M Schmitthoff (Stevens and Sons – London). - Containerisation and legal implication of carriage on deck – Kenneth P Grima (Law Thesis 1981). - Incoterms – international Chamber of Commerce - Paris. |
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| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Norbert Cordina Andre Farrugia (Co-ord.) Francis Valletta |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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