Lloyd's Law Reporter
TECHNIP SAUDI ARABIA LTD V MEDITERRANEAN & GULF INSURANCE AND REINSURANCE CO
[2024] EWCA Civ 481, Court of Appeal, Sir Geoffrey Vos MR, Lord Justice Lewison and Lord Justice Arnold, 9 May 2024
Insurance (liability) – Maritime construction project – Co-insurance – Meaning of "Existing Property" exclusion
In 2010 Technip entered into a contract with KJO under which Technip was to carry out various works in the Khafji oilfield operated by KJO.