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2016/2017  KAN-CJURV1076U  Legal and Economic Risk Management in the Shipping Sector

English Title
Legal and Economic Risk Management in the Shipping Sector

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Carsten Ørts Hansen - Department of Operations Management (OM)
  • Christina D. Tvarnø - Law Department (LAW)
Main academic disciplines
  • Business Law
  • Strategy
Last updated on 18-03-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: At the end of the course, the student are expected to be able to :
Course prerequisites
A bachelordegree in social science/ a legal bachelor degree
Examination
Legal and Economic Risk Management in the Shipping Sector:
Exam ECTS 7,5
Examination form Oral Exam
Individual or group exam Individual exam
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

Although the element of risk remains inherent in all industries, especially agents in the shipping sector are faced with substantial business risks in the international environment that they operate. Risk emanate from fluctuations in e.g. freight rates, bunker prices, or ship prices as well from the choice of contract during ship operation, finance and credit terms. The volatility and risk involved in ownership and operation of ships has become quite important in recent years as stakes are higher for owners, operators and investors.  
 

This elective is built around several main themes, which initially provides an overview of the legal and economic risks in the shipping sector and identifies how an understanding of the interconnection between thesee two domains can create value. During the course the students will analyze and discuss different legal and economic risk issues and relevant strategies for companies, including practical solutions.

The two main lecturers in this course are experienced practitioners from the shipping sector. The course is especially relevant for students who want to develop and strengthen their competence profile towards the shipping sector.

Teaching methods
Case based teaching, where the students are expected to participate in class discussions. The student shall work from an interdisciplinary perspective and be able to think and work across law and economics as disciplines. If you want this course, you must be ready to participate in the various discussions and presentations of theoretical as well as practical risk aspects.
Student workload
lectures 32 hours
preparation 170 hours
exam 3 hours
Expected literature

The course will be based on various research articles (theoretical and empirical), cases and readings like newspaper articles and articles for practitioners.

The list below provides an indication of the expected litterature:

- "Proactive management and proactive business law" af bl.a René Franz Henschel (2011).

- Chapters in “The handbook  of Maritime economics and business”  Costas Th Gramenos (ed). Informa Professional, 2002.
 
- Shipping Finance Law: The applicability of refund guarantees when the shipyard enters bankruptcy proceedings (Int. Journal of Private Law Vol.6, No.2, 2013)
 
- Shipping Finance Law: Quiet enjoyment and the registration of use rights of a chartered vessel (Int. Journal of Private Law Vol.5, No. 4, 2012
 
- Shipping Finance Law: Ensuring the charterer's "quit enjoyment" of a mortgades vessel/contractual performance of a specific sevice by means of freight an bunkers derivatives
 

Last updated on 18-03-2016