P&O NEDLLOYD LTD. AND ANOTHER v. M & M MILITZER & MÜNCH INTERNATIONAL HOLDING A.G. (THE “MARSEILLES” AND “EPOS”) [2002] EWHC 2622 (Comm)

[2003] 1 Lloyd's Rep. 503

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr. Justice Cresswell

Insurance (Cargo) - Settlement - Recovery - Cargo claim settled by underwriters - Claimants wrongly believed insured had not been paid and settled claim advanced by underwriters - Whether claimants’ settlement reasonable - Scope of claim that was settled - Whether reasonable investigation carried out - Whether claimants entitled to recover sum paid in settlement of underwriter’s claim.