Bender Shipbuilding Co. v. Lloyd Brasileiro - U.S. Court of Appeals (11th Circuit) (Kravitch and Edmonson Ct.JJ. and Hoffman S.D.J.) - 13 June 1989

Marine insurance - Whether Builder’s Risk policy covers shipbuilder’s contractual liability to pay liquidated damages for delayed delivery

The plaintiff entered into a contract with Todd Shipyards Corporation for the construction of a floating drydock. The contract called for the plaintiff to deliver the drydock by 27 May 1982, and provided for payment of liquidated damages at the rate of £5,300 per day if the drydock was delivered after the contract date.