ARGOGLOBAL UNDERWRITING ASIA PACIFIC PTE LTD V OVERSEA-CHINESE BANKING CORPORATION LTD

[2026] SGCA 14, Singapore Court of Appeal, Chief Justice Sundaresh Menon, Justice of the Court of Appeal Steven Chong and Justice of the Court of Appeal Hri Kumar Nair, 19 March 2026

Insurance (marine) – Perils of the seas – Significance of presumption of fortuity – Seaworthiness – Breach of Warranty – Duty of Fair Presentation – Marine Insurance Act 1906, sched, para 7

The vessel Teras Lyza was owned by TLPL, managed by TOPL (collectively TL) and mortgaged to OCBC.