Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

COMPANIA MARITIMA ASTRA, S.A. v. ARCHDALE (THE "ARMAR.")

[1954] 2 Lloyd's Rep. 95

UNITED STATES.NEW YORK SUPREME COURT.

Before Judge Rabin.

Marine insurance - Constructive total loss - Partial loss-Valued hull policy-Stranding of ship-Abandonment to underwriters- Unrepaired damage-Calculation of repair and recovery costs-Claim for constructive total loss not justified-Right of recovery for partial loss-Formula of recovery-Percentage of actual depreciation applied to insured value -Law applicable-Rule of conformity- Marine Insurance Act, 1906, Sect. 69 (3).

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