29 Jan 2015

The Ocean Victory

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Marine and international trade briefing note

The Court of Appeal has restated and re-affirmed the rules in relation to safe port warranties established in The Eastern City case and has provided detailed guidance as to the approach that should be adopted in ascertaining whether a particular event is an "abnormal occurrence".

It also commented on the effect of co-insurance taken out by demise charterers in the joint names of both owners and demise charterers and the effect this has on whether demise charterers will have suffered a loss to pass down to sub-charterers.

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