This course aims to provide an analysis of the foundations and fundamental concepts relating to the insurance of ships, cargoes, and freight. The law considered is predominantly the English law as codified in the Marine Insurance Act 1906 where the Marine Insurance Ordinance (Cap. 329) is primarily based upon. Throughout the course, the respective positions of assureds, brokers, underwriters are analysed, as also are the special feature of a marine insurance contract, the risks covered, the excluded cover, the causation, and the types of loss.

Take-home Examination: The use of Generative AI tools is not allowed.

Applicable to students admitted from Semester A 2022/23 to Summer Term 2024

Students must obtain a minimum mark of 50% in both coursework and examination and an overall mark of 50% in order to pass the course. The take-home examination will be in open-book and students are required to use computers to type the answers.

Applicable to students admitted before Semester A 2022/23 and in Semester A 2024/25 & thereafter

Students must obtain a minimum mark of 40% in both coursework and examination and an overall mark of 40% in order to pass the course. The take-home examination will be in open-book and students are required to use computers to type the answers.