The Law Reports (Appeal Cases)
[1978] AC 853
[HOUSE OF LORDS]
NAVIERA DE CANARIAS S.A. RESPONDENTS AND NACIONAL HISPANICA ASEGURADORA S.A. APPELLANTS
1976 March 18,
19;
April 14
1977 Jan. 11, 12;
Feb. 16
April 14
1977 Jan. 11, 12;
Feb. 16
Lord Denning M.R., Goff and Shaw L.JJ. Lord Diplock, Viscount Dilhorne, Lord Simon of Glaisdale, Lord Salmon and Lord Fraser of Tullybelton
Insurance
— Marine
— Exemption clause
— Vessel on time charter
— Machinery breakdown
— Vessel off hire from time of break-down and stranding until repairs completed
— Claim by assured owners for loss of hire incurred under freight policy
— Whether claim “consequent on loss of time”
— Institute Time Clauses: Freight, cl. 8
— New York Produce Exchange Time Charter, cl. 15