Marine Insurance is one of the backbone contracts to an international sale and carriage transaction and this module introduces students to the structure and formation of that contract. It includes the protection of ships, cargoes and energy interests where we will look at the impact of the London markets on the practice of insurance and the key relationships and legal obligations of the parties involved. We focus on insurable interest, good faith and warranties with reference to the Marine Insurance Act 1906. 2015 brought the biggest change in Insurance Law for over 100 years with the Insurance Act 2015 receiving Royal Assent, coming into force in 2016. Students will benefit from learning the foundations of the law from the Marine Insurance Act 1906 and the new exciting law of the Insurance Act 2015.
- Module Supervisor: Lijie Song