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Fundamental Maritime Economics and Contemporary Maritime Law

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Date/Time
Date(s) - 19/09/2022 - 13/11/2022
All Day

Categories


For further information, please contact:
Dr Marina Papaioannou, DNV HELLAS
Tel: + 30 210 4100 200
Email: [email protected]
[email protected]
Details & Registration
This module examines the fundamental issues and current challenges associated with the economic, legal and regulatory environment in the shipping sector. You will discuss the principles and trends in maritime markets and gain an understanding of maritime corporate and economic driving forces.

This module will address the legal framework of maritime transport. You will have presentations on maritime conventions and the new regulatory development in the shipping sector. The module will also introduce the private maritime law including, basic legal thinking and methodology, the legal notion of ship registration, fundamental principles in the carriage of goods by sea, the structure of a ship sale & purchase transaction, the exercise of ship security rights, principles of marine insurance and other main legal aspects of shipping.

Learning outcomes

By the end of the module, you should be able to:

  • Explain the fundamental relations between economy, trade and maritime transport
  • Analyze the challenges and trends in maritime markets
  • Give economic explanations to some major challenges in shipping
  • Demonstrate a satisfactory knowledge of the fundamental elements of legal thinking and methodology
  • Understand the doctrine of judicial precedent
  • Identify and discuss the basic principles of maritime law within the wider context of the law and legal systems;
  • Realize the significance of ship registration for the exercise of shipping activity and appreciate the existence of fraudulent registration and related practices
  • Identify the various types of sea carriage contracts, whether evidenced in charter parties or bills of lading
  • Understand the functions of a Bill of lading and the Carrier’s liability for cargo in maritime transport. Understand the mechanism of limitation of liability and how it relates to the special regimes of liability limitation (e.g. HVR)
  • Understand the basic structure of a ship sale and the rights stemming from it in favour of the seller and buyer. This includes a fundamental understanding of the sale and purchase transactions.
  • Realize the significance of security rights on a ship. Understand the function and exercise of a maritime lien in contrast to the exercise of mortgage rights. Identify the legal consequences of the exercise of security rights in a judicial sale
  • Describe the concepts of risk and loss, insurability of risk and scope of cover in the common types of insurance in maritime transport
  • Identify the basic legal duties in ship management

Course outline

  • Economic globalization and shipping
  • Shipping market
  • Maritime cost
  • Ports and their impact on shipping
  • Maritime freight market
  • Economics of marine environment protection
  • Introduction to Legal Thinking &Methodology I + II
  • Basic Principles of Law I + II
  • Ship Registration I + II
  • Introduction to Sea Carriage
  • Carriage of Goods by Sea I + II + III + IV
  • Ship Sale & Purchase
  • Ship Security Rights I + II
  • Principles of Marine Insurance
  • Ship Management – Legal Perspective

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