Objective
Acquired knowledge:
The students will acquire an understanding of the rules relating to shipping, in particular the ship types and measurement systems, as well as operational modes such as liner and bulk carrier trades, the basic cost elements of ship operations and the relationship between demand and supply for shipping services. Shipping is one of the worlds most regulated industries, and the students will learn main laws and regulations that applies to shipping operations, including liability rules and limitation rules, as well as a knowledge of contracts law and standard contracts applicable to chartering, sale and purchase of ships and carriage of cargo and passengers.Tihs includes an understanding of the importance of relevant jurisdiction and applicable law clauses.
Acquired skills:
The course will enable the students to identify and use available information sources, laws and regulations in order to:
- Define liabilities and applicable rules
- Enter into contracts regarding sale and purchase, chartering and carriage of cargo and passengers
- Define the basic cost elements of ship operations and analyse the relationship between demand and supply for shipping services
- Apply baisc principles forrate making
- Analyse freight markets;
- Describe the organisation of shipping companies
- Understand chartering practice.
- Understand the dynamics of shipping business cycles.
- Identify common legal problems within above areas and to solve them using applicable laws and contracts.
- Identify the ship owners legal liabilities in contract and in tort
- Solve practical legal cases of a maritime nature
- Interpret commonly used standard contracts such as Bills of Ladings, Charterparties and contracts used for the sale and purchase of ships
Reflection
The students will learn to refelct on the the complex legal nature of international shipping, and the particular rules that are common for many countries through international conventions. They will be able to analyze practical cases relating to shipping and to solve it using relevant laws - and to form opinions about the use of limitation rules and environmental concerns relating to shipping.
Responsible for the course
Cathrine Bjune
Department
Department of Accounting - Auditing and Law
Term
According to study plan
ECTS Credits
7,5
Introduction
The course will introduce students to the role of maritime transport in international trade and to the specific tasks, challenges and liabilities owners and charterers are exposed to.Shipping is one of the most regualted of all industries, which makes it crucial for all to udnerstand how the laws, rules and contracts impact the day today decisoins to be made in the shipping companies. The course offers a thorough introduction to the development, practice, economics and legal framework of international shipping. It aims at students who wish to specialize in the management of shipping companies, work in shipbroking or with consultants, finance, law firms and insurance organizations that include shipping in their portfolios. The courses also facilitate entry into management positions in those sectors of international commerce, industry and civil service that are prime users of maritime services.
Prerequisites
None
Compulsory literature
Books:
Falkanger Thor, Hans Jacob Bull og Lasse Brautaset. 2011. Scandinavian maritime law : the Norwegian perspective. 3rd ed. Universitetsforl. Chapters 1, 2, 5, 6, 7, 9, 13 ,14, 18
Stopford, Martin. 2009. Maritime economics. 3rd ed. Routledge. Chapters 2,4,5,6,7,8,10
Other:
Særtrykk om sjøfart, "Sjøloven"
Recommended literature
Course outline
- Shiping and markets
- Cargoes and trades
- Newbuilding, Sale and Purchase and scrapping of vessels
- International Maritime Law
- National laws and international conventions
- Standard contracts
- Contracts of affreightment and charterparties
- Chartering
- Voyage calculations
- Shipowners liabilities
- Carriers liability to cargo and passengers
- Limitation rules
- Maritime Liens
- Environmental liabilities
- Case work
Computer-based tools
No specified computer-based tools are requested.
Course structure
The course will be conducted over 3 days, 24 hours of lectures.
Recommended workload in hours:
Participation at lectures and excursions, 33 hours
Case work and review by lecturer in class, 12 hours
Work on cases handed out by lecturer, 30 hours
Preparation for lectures, 75 hours
Exam preparation, 50 hours
Evaluation
As a part of lectures, assignments will be placed on It’s learning. Students are expected to be prepared to class by working with the assignments, as the lecturer will review these assignments in class. Feedback will also consist of the students comparing their solutions with the one that is explained by the lecturer.
Final grade in the course will be based on a three hour individual written exam, counts for 100 % of the grade.
Evaluation code(s)
BIK 29351 -counts for 100 % of the final grade in BIK 2935 International Shipping, 7,5 credits.
Aids at the examination
Norwegian Maritime Code and BI-defined exam calculator. TEXAS INSTRUMENTS BA II Plus™
Exam aids at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
Makeup exam
At the next ordinary exam
The course will be taught in English, unless all participants are fluent in Norwegian. The students can choose the Norwegian or English version of the Norwegian Maritime code to bring to the exam.
