LARSEN v. ANGLO-AMERICAN OIL COMPANY, LTD.

(1924) 20 Ll L Rep 67

HOUSE OF LORDS.

Before Viscount Cave, Viscount Finlay, Lord Shaw, Lord Wrenbury and Lord Carson.

Charter-Party-Insurance of chartered Norwegian ship-Agreement to insure for sum stated in Norwegian currency - Owner to contribute £412 per cent. of premium - Vessel already insured in Norway for largest possible amount - Policy in Norwegian currency not obtainable-Insurance effected in sterling - Waiter-Ambiguity-Cover note accepted by shipowner's agents without objection-Ship lost-Incidence of loss due to variation in exchange.