GRAHAM JOINT STOCK SHIPPING CO., LTD. v. MERCHANTS' MARINE INSURANCE CO., LTD.

(1924) 17 Ll.L.Rep. 241

HOUSE OF LORDS.

Before the Lord Chancellor, Viscount Haldane, Viscount Finlay, Lord Sumner and Lord Parmoor.

Marine Insurance-Loss-Ship scuttled with Privity of Owner-Finding of Scuttling not appealed against-Claim by Mortgagees -Whether Defence of Scuttling also good against Mortgagees-Insurance effected by Brokers for Themselves "and/or as Agents"-Insurable Interest of Mortgagees - Mortgagors under Contract to insure with Benefit to Mortgagees - Whether Mortgagees Parties to Contract of Insurance or Assignees of Policy.

[The "Ioanna."]