Master of Science (MSc) in Law of Marine Insurance
Code MMSC214
Modules 13
Duration 13 months
Credits 96
Tuition Fees $7,500
€7,500
Overview
The Master of Science in Law of Marine Insurance is an in-depth program designed to provide students with comprehensive knowledge and skills in marine insurance and related maritime sectors. This program covers essential aspects of shipping, insurance, and maritime operations, integrating theoretical knowledge with practical application. From understanding the intricacies of different types of ships and their operations to mastering the complexities of marine insurance policies and maritime legal frameworks, students will gain a holistic understanding of the marine industry. The curriculum also focuses on environmental management, legal arbitration, and the application of international conventions, ensuring graduates are well-prepared to handle the challenges of the maritime insurance industry.
Objectives
The primary objectives of the MSc in Law of Marine Insurance are to:
- Equip students with detailed knowledge of the shipping industry’s structure, key operational procedures, and the various roles within maritime organizations.
- Provide a deep understanding of marine insurance, including its history, terminologies, laws, and policies, emphasizing real-world applications.
- Develop expertise in handling legal and regulatory aspects related to maritime operations and insurance, including international maritime law and environmental regulations.
- Cultivate skills in strategic decision-making and problem-solving within the contexts of port management, shipbroking, and voyage estimation.
- Encourage the development of practical research skills through a comprehensive dissertation project, enabling students to contribute to advancements in the field of marine insurance.
Learning Outcomes
Upon completion of the MSc in Law of Marine Insurance, students will be able to:
- Understand and effectively communicate the specialized terminology and concepts used in marine insurance and shipping.
- Analyze and evaluate the types of ships, their management, and their operational and legal requirements in the context of global shipping practices.
- Demonstrate comprehensive knowledge of marine insurance policies, including the intricacies of claims, liabilities, and coverage exclusions.
- Apply the principles of maritime law and international conventions effectively in professional practice, ensuring compliance and strategic management of maritime operations.
- Navigate complex scenarios involving ship management, environmental protection, and dispute resolution with a clear understanding of the associated legal and ethical requirements.
- Design and execute a substantial research project that addresses a significant issue in marine insurance, demonstrating the ability to synthesize information and propose viable solutions.
| 1. Introduction to shipping |
|---|
| • Shipowning company's Departments & Maritime Jobs, Part 1 • Maritime Jobs, Part 2 • Nautical Terminology • Shipping Terminology, Ship's Tonnage |
| 2. Types of ships, Nationality of Ships, International Organizations |
|---|
| • Types of ships, Part 1 • Types of ships, Part 2. Ship’s demolition • Nationality of ship and ships under flags of convenience, Piracy and Hot pursuit • International Maritime Organization (IMO) and key conventions of the IMO |
| 3. Introduction to Marine Insurance, Chartering and Classification Societies |
|---|
| • The commonly used marine insurance terms • Contract of sales, Charter parties and Bills of lading • Cargo terminology, Cargo operation • Classification society and the International Safety Management code (ISM) |
| 4. Port Management, Shipbroking, Voyage Estimation |
|---|
| • Vessel’s port expenses • Shipbrokers and agents • The Baltic Exchange – Associated shipping organizations • Voyage Estimation, Part 1 |
| 5. Management of the Marine Environment |
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| • MARPOL 1973/1978 • The London Dumping Convention (LDC) 1972 and Protocol 2006 • Air pollution • Management of ballast water pollution • Wreck removal |
| 6. Legal Systems, Arbitration |
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| • English legal system • Alternative Disputes Resolution (ADR), mediation • Arbitration, Arbitration Act 1996 • Ethics in arbitration • Aspects of arbitration proceedings |
| 7. Marine Insurance 1 |
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| • The History of Marine Insurance • Marine Insurance Terminology • Marine Insurance Act 1906, Lloyd’s Underwriters • Contract of Indemnity |
| 8. Marine Insurance 2 |
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| • Insurable Interest • Subject Matter Insured • Time Policy • Valued and Unvalued Policies |
| 9. Marine Insurance 3 |
|---|
| • Utmost Good Faith • Warranties I (express warranties) • Warranties II (implied warranties), Proximate Cause • Marine Risks, Perils of the Sea |
| 10. Marine Insurance 4 |
|---|
| • Excluded Losses, The Inchmaree Clause, Negligence • The Inchmaree Clause, 3/4ths Collision Liability • War and Strikes Risks • Total Loss, Actual Total Loss, Constructive Total Loss |
| 11. Marine Insurance 5 |
|---|
| • Particular Average Loss, Salvage • General Average, Sue and Labor • Civil Liability Convention for Pollution Damage (CLC) 1969/92 and Fund Convention 1971/92 • Wreck Removal, Nairobi Convention on the Removal of Wrecks 2007 • Protection and Indemnity Clubs (P+I Clubs) |
| 12-13. 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.
Textbook
No limits in education
Straightforward way of teaching
TELEMATIC
Watch Videolectures
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.
SHIPOWNER'S OFFICE
Operation
Accounting
Chartering
Marine Insurance
Technical
Claims
Crew
ISM
Supply
AUTONOMOUS OFFICES
Charterers
Custom broker
Consignor
Receiver
Shipbroker
Sales and Purchase Broker
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.
Admissions Office
99 Wall Street
Suite# 2838
New York, NY
10005, USA
Tel. +1 646 980 5595 (NY)
+44 204 577 1704 (LON)
+30 211 2344 636 (ATH)
+85 280 0906 442 (HKG)
info@orion-university.com
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Registration No: 25227 IBC 2018, Orion University Ltd,
Saint Vincent & the Grenadines, Central America.
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