The Business Law Reports
[2011] Bus LR 1082
Court of Appeal
Masefield AG
v
Amlin Corporate Member Ltd
[2011] EWCA Civ 24
2010 Oct 13,
14;
2011 Jan 26
2011 Jan 26
Rix, Moore-Bick, Patten LJJ
Insurance— Marine— Cargo— Ship and cargo seized by pirates— Whether seizure amounting to actual total loss irrespective of prospects of recovery— Whether permissible to take ransom into account when calculating possibility of recovery— Effect of absence of duty to pay ransom—
Marine Insurance Act 1906 (6 Edw 7, c 41), s 57(1)
Ships’ names—
Bunga Melati Dua