ZEUS TRADITION MARINE LTD. v. BELL (THE “ZEUS V”)

[1999] 1 Lloyd's Rep. 703

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Colman

Insurance (Marine) - Total loss - Policy condition - Construction - Insured yacht caught fire and became total loss - Underwriters denied liability -Steps relating to carrying out of survey to be taken by assured prior to vessel being brought into commission - Substance of survey required to be procured - Effect of non-compliance with requirements of condition - Non-disclosure of material fact.