Global Process Systems Inc and Anr v Syarikat Takaful Malaysia Berhad (The "Cendor MOPU") - Supreme Court (Lord Mance, Lord Collins, Lord Clarke and Lord Dyson JJSC and Lord Saville) - 1 February 2011

Marine insurance - Cargo policy - Coverage for "All risks" excluding inherent vice - Oil rig's legs falling off during passage round Cape of Good Hope - Whether loss caused by inherent vice or by perils of the sea

In May 2005 the oil rig Cendor MOPU, lying at Galveston, Texas, was purchased by the claimants for conversion into a mobile offshore production unit for use off the coast of East Malaysia. The claimants insured the rig with the defendant insurance company for the voyage from Galveston to Lumut, Malaysia under a policy of cargo insurance which incorporated the Institute Cargo Clauses (A) of 1 January 1982, the insured perils being “all risks” subject to specified exclusions, including the inherent vice exclusion.