ROAR MARINE LTD. AND OTHERS v. BIMEH IRAN INSURANCE CO.

[1998] 1 Lloyd's Rep. 423

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mance

Insurance (Marine) - Follow the leader clause - Construction - Hull and machinery insurance - Cover spread across various co-insuring markets - Markets B, C and D and defendants to follow British underwriters in regard to “settlements in respect of claims” - Vessel suffered engine breakdown - London underwriters settled claim - Identity of leading British underwriters - Whether markets B, C and D bound to follow settlement - Whether settlement concluded in proper and businesslike way.