CAPT. J. A. CATES TUG & WHARFAGE COMPANY, LTD. v. THE FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA, PENNSYLVANIA.

(1927) 28 Ll L Rep 161

JUDICIAL COMMITTEE OFTHE PRIVY COUNCIL.

Before Viscount Haldane, Viscount Sumner, Lord Shaw, Lord Merrivale and Lord Warrington.

Marine insurance-Total loss (actual or constructive) or partial loss-Vessel sunk in Vancouver Harbour-Notice of abandonment given-Wreck raised by salving company employed by insurance company - Preliminary negotiations between salving company and insurance company regarding purchase by salvors -Whether binding acceptance of abandonment -Likelihood of salvage-Lord Halsbury's observations in the Blairmore, [1898] A.C. at p. 597, explained -Marine Insurance Act, 1906, Sect. 60 (2).