The module will examine the operation of Protection and Indemnity Clubs as mutual insurance associations vital to the existence and running of the international shipping community and trade. The module will cover their history, development and structure, their basic rules of cover and the provision of security, as well as the basic (and sui generis) concepts underlying their operation. The module will additionally examine the various risks Protection and Indemnity Clubs insure against, their financial operation, the International Group of Protection and Indemnity Clubs (including its structure, cover and importance), and how these associations relate to other forms of insurance.
The module will examine the operation and practice of Protection and Indemnity Clubs.
In the context of the law, the module will introduce students to the sui generis nature of mutual insurance, and provide them with sound legal knowledge of all concepts and doctrines relevant to this type of insurance and how these differ from commercial insurance. By the end of the module, students will be able to identify, analyse and critically all the underlying principles of their operation as well as their governing rules relating to risk cover and financial operation.
In the context of practice, the module will furnish students with an understanding of how the complex legal principles are applied in the day-to-day operation of the shipping industry and with the ability to identify the shortcomings of the present state of affairs. Furthermore, the module will equip them with those tools necessary (both in terms of knowledge and legal thinking/writing) to propose viable future solutions to factual problems.
The examination of the international nature of the Clubs will provide students with an understanding of various legal and operational aspects of the marine insurance world and the international shipping community.
5,000 word course essay