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LLR: Insurance & Reinsurance

GLOBAL PROCESS SYSTEMS INC AND ANOTHER v SYARIKAT TAKAFUL MALAYSIA BERHAD (THE “CENDOR MOPU”)

[2010] Lloyd's Rep. IR 221

COURT OF APPEAL

Before Lord Justice Waller, Vice-President, Lord Justice Carnwath and Lord Justice Patten

Insurance (marine) — Institute Cargo Clauses (A) — All risks cover — Oil rig damaged in course of being transported — Causation — Perils of the sea — Whether loss inevitable — Whether loss caused by inherent vice — Marine Insurance Act 1906, section 55(2)(c) and schedule, para 7.

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