KULUKUNDIS AND OTHERS v. NORWICH UNION FIRE INSURANCE SOCIETY, LTD.

(1935) 52 Ll L Rep 340

KING'S BENCH DIVISION.

Before Mr. Justice Porter.

Marine Insurance-Freight-Partial loss -Policy covering "chartered freight and/or freight"-Cargo loaded for U.K. under charter providing for lump sum freight-Stranding of vessel during chartered voyage - Salvage agreement entered into by master with salvage company on "no cure no pay" terms-Notice of abandonment subsequently given to hull underwriters, underwriters agreeing to settle for £7500 and to undertake all liabilities for which vessel was answerable- Cargo-owners notified that adventure at an end-Total loss paid by cargo underwriters-Ship and cargo surrendered by underwriters to salvors (ship being temporarily repaired by salvors, cargo taken in repaired vessel to Rotterdam and vessel sold there by salvors for breaking up)-Claim by shipowners for partial loss under freight policy.