Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

EIDE U.K. LTD. AND ANOTHER v. LOWNDES LAMBERT GROUP LTD. AND ANOTHER

[1998] 1 Lloyd's Rep. 389

COURT OF APPEAL

Before Lord Justice Phillips, Lord Justice Waller and Lord Justice Chadwick

Insurance (Marine) - Insurance brokers - Lien - Composite insurance - Insurance placed by brokers - Owners, demise charterers and bank shown as co-assured - Proceeds of claim paid to brokers - Brokers applied proceeds in reduction of balance owed to them by demise charterers - Whether brokers entitled to exercise lien in case of composite insurance - Marine Insurance Act, 1906, s. 53.

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