Mortgagee’s interest policy: Piraeus Bank AE v Antares Underwriting Ltd [2022] EWHC 1169
Mortgagee’s interest policy: Piraeus Bank AE v Antares Underwriting Ltd [2022] EWHC 1169
In this case, the question arose ‘whether the prolonged detention of a vessel in Venezuela gave rise to a constructive total loss of that vessel under the owners’ war risks policy’. If a constructive total loss was at hand under that policy, could the mortgaging bank under a mortgagees’ interest policy recover an indemnity in respect of its loss as assignee and also as loss payee under the owners’ war risks policy?
3-6
Hjalmarsson, Johanna
73a98539-9a14-4e63-bb53-5a7c365ad6e4
Kuz, Ali Fuat
97e501dd-fa93-4593-8e7e-8330025342d1
15 September 2022
Hjalmarsson, Johanna
73a98539-9a14-4e63-bb53-5a7c365ad6e4
Kuz, Ali Fuat
97e501dd-fa93-4593-8e7e-8330025342d1
Hjalmarsson, Johanna and Kuz, Ali Fuat
(2022)
Mortgagee’s interest policy: Piraeus Bank AE v Antares Underwriting Ltd [2022] EWHC 1169.
Lloyd's Shipping and Trade Law, 22 (7), .
Abstract
In this case, the question arose ‘whether the prolonged detention of a vessel in Venezuela gave rise to a constructive total loss of that vessel under the owners’ war risks policy’. If a constructive total loss was at hand under that policy, could the mortgaging bank under a mortgagees’ interest policy recover an indemnity in respect of its loss as assignee and also as loss payee under the owners’ war risks policy?
Text
Lloyd's_Shipping_&_Trade_Law__Piraeus_Bank_AE_v_Antares_Underwriting_Ltd_and_Others_[2022]_EWHC_1169
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Accepted/In Press date: 30 August 2022
Published date: 15 September 2022
Identifiers
Local EPrints ID: 470546
URI: http://eprints.soton.ac.uk/id/eprint/470546
ISSN: 2577-5219
PURE UUID: 58bb3232-3ff6-4f02-8755-289475338ed8
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Date deposited: 12 Oct 2022 16:48
Last modified: 17 Mar 2024 07:29
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Author:
Ali Fuat Kuz
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