ITHACA PROSPECT LLC V LLOYD'S INSURANCE COMPANY SA

[2026] EWHC 2700 (Comm), King's Bench Division, Commercial Court, Peter MacDonald Eggers KC, sitting as a Deputy Judge of the High Court, 21 October 2026

Marine insurance – Detention of vessel due to Russia-Ukraine War – Institute War Clauses 1983 – Insured peril – Constructive total loss – Suing and labouring – Abandonment – Marine Insurance Act 1906, sections 63, 78 and 79

The claimants were the owners of the vessel, Ithaca Prospect, which was insured by the defendants under a war risks policy for the period 23 October 2021 to 23 October 2022 on the terms of the Institute War Clauses 1983.