THE “SURF CITY”

[1995] 2 Lloyd's Rep. 242

QUEENS’S BENCH DIVISION(ADMIRALTY COURT)

Before Mr. Justice Clarke

Insurance (Marine) - Subrogation - Waiver - Vessel carrying cargo of naptha exploded - Cargo insurers paid cargo owners’ liability under salvage agreement and for loss of cargo - Under insurance insurer waived rights of subrogation against subsidiary or affiliate - Whether waiver extended to c.i.f. buyer - Whether insurers could recover moneys paid from defendants.