Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GOOLE & HULL STEAM TOWING COMPANY, LTD. v. OCEAN MARINE INSURANCE COMPANY, LTD.

(1927) 29 Ll L Rep 242

KING'S BENCH DIVISION.

Before Mr. Justice MacKinnon.

Insurance (marine) - Damage to ship by collision-Particular average-Collision action settled on terms of both to blame -Assessment of damage-"Reasonable cost of the repairs"-Moiety recovered by assured from colliding vessel less than insured value-Liability of insurers - Measure of indemnity - Subrogation in case of partial loss-Marine Insurance Act, 1906, Sects. 16, 69 (1), 79 (2), 81.

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