OCEANUS CAPITAL SARL V LLOYD'S INSURANCE COMPANY SA, (THE "VYSSOS")

[2025] EWHC 3293 (Comm), King's Bench Division, Commercial Court, Sue Prevezer KC, 17 December 2025

Insurance (marine) – Mortgagee's Interest Insurance – Nature of interest under MII policy – Proximate cause of loss under MII policy – Privity of assured – Fortuity – Marine Insurance Act 1906, sections 14 and 39

The cargo ship Vyssos, owned by Lyra Mare, was insured under a marine war risks policy for the period 3 February 2023 to 2 February 2024 on terms equivalent to the Institute War and Strikes Clauses Hulls ("The War Risks Policy").