Trade credit insurance: assignment, conditions precedent and losses

There are relatively few decided cases on trade credit insurance. The decision of Sir Bernard Eder, sitting as a judge in the Singapore International Commercial Court, in Marketlend Pty Ltd and Another v QBE Insurance (Singapore) Pte Ltd [2025] SGHC(I) 1 is useful for its analysis of the terms of such policies. In the event, the case turned upon other matters, including a wrongful assignment of the policy, breaches of conditions precedent, failure to prove genuine loss and failure to disclose material facts.

Marketlend: the insurance