KAZAKSTAN WOOL PROCESSORS (EUROPE) LTD v NEDERLANDSCHE CREDIETVERZEKERING MAATSCHAPPIJ NV

[2000] Lloyd's Rep IR 371

COURT OF APPEAL

Before Lord Justice Peter Gibson Lord Justice Waller and Lord Justice Buxton

Insurance (credit) - Insured ceasing to trade and failing to submit trading declaration - Insured in breach of obligation to pay premium - Policy rendering due performance and payment by insured conditions precedent to insurers’ liability - Insurers having right to terminate policy and all liability under it - Whether conditions precedent applied to all claims or claims to which breach related - Whether insurers able to avoid liability for claims arising out of events occurring prior to notice of termination.