FRASER SHIPPING LTD. v. COLTON AND OTHERS

[1997] 1 Lloyd's Rep. 586

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Lord Justice Potter

Insurance (Marine) - Actual total loss - Non-disclosure - Vessel’s destination changed from Shanghai to Huang Pu - Typhoon Koryn threatening area - Vessel proceeded away from Huang Pu and stranded on Wuzhu Zhou - Whether vessel an actual total loss - Whether defendants estopped from asserting vessel could have been salved - Whether change of voyage endorsement vitiated for non-disclosure - Whether defendants discharged from liability by change of voyage - Whether defendant entered into binding agreement to settle plaintiffs’ claim - Marine Insurance Act, 1906, s. 45.