Oceanus Capital Sarl v Lloyd's Insurance Co SA (The Vyssos) [2025] EWHC 3293 (Comm), King's Bench Division, Commercial Court (Sue Prevezer KC, sitting as a Deputy High Court Judge) - 17 December 2025

Marine insurance - 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, built in 2007, was owned by Lyra Mare and managed by Nava Shipping Ltd. Vyssos 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, issued by Vessel Protect (on behalf of Lloyd's underwriters).