Lesson Notes By Weeks and Term - Senior Secondary 2
Marine insurance III
Marine insurance III
Term – 2nd Term
Week: 3
Class: Senior Secondary School 2
Age: 16 years
Duration: 40 minutes of 2 periods each
Date:
Subject: Insurance
Topic:- Marine insurance III
SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to
INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source
INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures
INSTRUCTIONAL PROCEDURES
PERIOD 1-2
|
PRESENTATION |
TEACHER’S ACTIVITY |
STUDENT’S ACTIVITY |
|
STEP 1 INTRODUCTION |
The teacher reviews the previous lesson on marine insurance |
Students pay attention |
|
STEP 2 EXPLANATION |
He lists the types of marine perils
|
Students pay attention and participates |
|
STEP 3 DEMONSTRATION |
He explains the types of marine perils |
Students pay attention and participate |
|
STEP 4 NOTE TAKING |
The teacher writes a summarized note on the board |
The students copy the note in their books |
NOTE
MARINE INSURANCE
MARINE PERILS
They refer to all risks, perils and dangers peculiar to the sea. They include
accidents, capture of the ship or its cargo by pirates, losses by collision,
etc. A point to note here is that losses caused by perils of the sea cannot
be prevented by any reasonable care, skill and diligence on the part of
human beings. Thus, if a ship hits a sunken rock and sinks or collides with
another ship and suffers a loss, it is a case of loss by perils of the sea.
Other examples of such loss are:
a. Loss of cargo as a result of sea water entering the ship through a hole
made by rats in the bottom of the ship.
b. Loss resulting from negligent navigation provided it was caused by a
peril of the sea.
c. Loss of cargo due to heat produced by the closing of ventilators to
prevent the entry of sea water on rough weather.
Fire is one of the most common perils of the sea and the underwriter is
liable for loss caused by it.
Enemy literally means one who tries or wishes to harm or attack or one
who has ill feeling or hatred towards another. It includes all damages or
losses sustained owing to the hostile acts of an enemy.
Enemies include all types of ships belonging to the foe or enemy countries
and to their hostile acts, provided such acts formed part of the enemy
campaign.
Jettisoning is the voluntary and intentional throwing overboard or away a
part of the cargo or part of vessel’s equipment for the purpose of lightening
or relieving the ship in case of necessity or emergency to have a safe
adventure or voyage. If the cargo or any other thing is thrown overboard
accidentally or fortuitously, then it does not constitute jettison.
It refers to every wrongful act willfully committed by the master or crew to
the prejudice of the owner without the connivance of the owner.
It refers to vessels authorized and maintained by nations for the purpose of
defense or attack in the event of hostilities and the loss arising out of
collision against a man-of-war is covered in a policy.
It means forcibly taking away of the vessel and refers to political or
executive acts.
EVALUATION: 1. List and explain the types of marine perils
CLASSWORK: As in evaluation
CONCLUSION: The teacher commends the students positively