Master of Science (MSc) in Carriage of Goods by Sea and Law of Marine Insurance
Tuition Fees $6,500
The Master of Science (MSc) in Carriage of Goods by Sea and Law of Marine Insurance is a comprehensive course that seeks to provide an in-depth understanding of the legal, operational, and insurance aspects related to the carriage of goods by sea. The course provides a detailed study of various facets of marine shipping and insurance, from nautical terminology and shipping operations to legal obligations under charter parties and bills of lading, and finally, to marine insurance laws and their practical application. It combines theoretical learning with real-world case studies and covers a broad spectrum of topics, including laytime, marine risks, total loss, the concept of insurable interest, and the functioning of Protection & Indemnity (P&I) clubs. The program concludes with a dissertation that allows students to explore a topic of their interest in greater detail.
The primary objectives of this course are to:
- Equip students with the knowledge of maritime jobs and terminologies.
- Introduce students to the complex world of charter parties, bills of lading, and their implications on the operation of ships.
- Enhance understanding of the principles of laytime and demurrage and their role in commercial shipping.
- Provide a comprehensive understanding of the laws and regulations surrounding the carriage of goods by sea and their practical application.
- Delve into the intricacies of marine insurance, including the Marine Insurance Act 1906, the principles of indemnity and subrogation, and the concept of insurable interest.
- Familiarize students with the challenges and risks involved in marine shipping, including negligence, barratry, unseaworthiness, and piracy.
- Develop a deep understanding of the principles of marine insurance claims, including total loss, particular and general average loss, and salvage.
- Allow students to develop critical thinking and research skills through a dissertation.
Upon completion of this course, students will be able to:
- Grasp and employ maritime and shipping terminology.
- Understand roles within a shipowning company and maritime jobs.
- Analyze charter parties, bills of lading, and their implications.
- Calculate laytime and comprehend influencing factors.
- Interpret rules surrounding the carriage of goods by sea, including Hague/Visby Rules, and others.
- Understand time charter contracts and their implications on costs, liability, and damage.
- Understand marine insurance laws, the Marine Insurance Act 1906, and related principles.
- Understand insurable interest, marine insurance policies, and principles of indemnity and utmost good faith.
- Analyze marine shipping risks, exceptions and limitations of liability, and insurance claims principles.
- Understand P&I clubs operations, and principles of CLC and Fund Convention.
- Conduct research and present a dissertation on a topic related to the carriage of goods by sea and marine insurance law.
|• Shipowning company’s Department, Maritime jobs 1|
|• Maritime jobs, Part 2|
|• Nautical Terminology, Parts of the Ship|
|• Shipping Terminology, Ship’s tonnage|
|• Vessel's port expenses 1, Agency services, Port tariffs/dues|
|• Introduction to charter parties and Bills of Lading, Freight and Hire, Implied undertakings (seaworthiness/cargoworthiness, reasonable dispatch, deviation, dangerous goods)|
|• Voyage Charter, Wording and Clauses of the Charter Party, Printed text, Riders, Addendum, Main bodies issuing charter parties|
|• Laytime 1, Duration of laytime (definite, calculated, indefinite), Commencement of laytime, Statement of facts|
|• Laytime 2, interruption of laytime (weekends/holidays, shifting, strikes, breakdowns), Cessation, Calculation of laytime, Damages for detention|
|• Laytime 3, Tanker laytime|
|• Bills of lading, Electronic bill of lading|
|• Hague Rules, Hague/Visby Rules, Differences between Hague Rules and Hague/Visby Rules, carriers’ and Shippers’ responsibilities, case studies, Hamburg Rules, Rotterdam Rules|
|• Time Charter 1, Time charter trip, The vessel (cargo capacity, speed and bunker consumption, ship’s fouling, dry docking-maintenance), The trade (geographical limits, safe ports), The cargo (restrictions and exclusions of cargoes), The period, Delivery and redelivery|
|• Time Charter 2, Payment of hire, Off-hire, Allocation of costs (Master’s position, customary assistance, costs for shipowners’ and charterers’ account), Cargo liability of shipowners and charterers, Damage to the vessel|
|• Case studies on the Carriage of Goods by Sea: Employment and Indemnity clause, Meaning of safe port, Explanation of the use of the Law reports and Lloyd’s law reports|
|• Exceptions: at common law, express terms of the contract, by statute. Limitation of liability: parties covered, types of claims covered, limitation amount|
|• The history of marine insurance|
|• Marine Insurance Terminology|
|• Marine Insurance Act 1906, the London Underwriters|
|• Contract of indemnity, Subrogation|
|• Insurable interest, Mortgagor and Mortgagee, Insurer|
|• Subject matter insured: ship, goods, movables, freight, profit, disbursements|
|• Time policy, navigation and continuation clause|
|• Voyage policy, Valued and unvalued policies, Insurable value|
|• Utmost good faith, Disclosure and representations, the premium|
|• Warranties, General principles, Express warranties, Construction of warranties|
|• Implied warranties, seaworthiness, cargoworthiness, warranty of legality|
|• The proximate clause|
|• Marine risks, negligence, barratry, unseaworthiness, non-delivery clause, piracy|
|• Excluded losses, wilful misconduct of the assured, Delay, Inherent vice|
|• The Inchmaree clause, Bursting of boilers, Negligence of master, crew, repairers, Barratry|
|• 3/4ths Collision liability, The principle of cross-liabilities, The sister clause|
|• War and strike risks, locked-out workmen|
|• Total loss, Actual total loss (ship, cargo, freight), Constructive total loss (damage to ship and goods)|
|• Particular average loss and general average loss,
Salvage, LOF, General average, Sue and labour, assured and their servants or agents
|• P&I Clubs|
|• Civil Liability Convention (CLC), Fund Convention|
|• Wreck removal|
|Dissertation, 15,000 words|
Bachelor of Science (BSc) or other Higher Education degree, or experienced professionals.
English language: GCSE English Language grade 4/C – IB grade 4 Higher Level. If your first language is not English, you will need an IELTS of 6.0 overall, with 5.5 in each component, or a related certificate of English language course. Proficiency or Lower Certificate in English, or good writing and communication skills in English (at the discretion of the Committee).
Basic Information Technology skills.
No limits in education
Straightforward way of teaching
Worldwide telematic study. No need to attend physically in the class. You watch the lectures in video form, any time you would like and many times as you need. The speech of every video lecture is written in text form, by including the figures and the highlights of the lecture. You interact with the lecturers and tutors in electronic form.
Assignment & Project
Final viva (live video)
Get your Degree awarded
Career - Maritime Jobs
Academic staff consisting of professionals with significant career at sea and generally in the shipping industry, being in collaboration with special academic personnel highly expertize in business and the international maritime affairs. Below are the maritime jobs, that our courses prepare you.
WORK IN EXECUTIVE MARITIME POSITIONS
Our students, regardless their professional origin and their academic level, acquire the necessary knowledge which gives them the opportunity to get an outstanding job position in shipping and rise to the highest levels of the maritime industry.
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