KUWAIT AIRWAYS CORPORATION THE MINISTER OF FINANCE OF THE STATE OF KUWAIT v KUWAIT INSURANCE CO SAK WARBA INSURANCE CO SAK AL AHLEIA INSURANCE CO SAK GULF INSURANCE CO KSC (No 2)

[2000] Lloyd's Rep IR 439

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Langley

Insurance (aviation) - Loss of fifteen aircraft and spares following invasion of Kuwait by Iraq - Eight aircraft recovered - Whether value of recovered aircraft to be apportioned between insurers and insureds - Whether value of recovered aircraft was agreed value or market value - Whether recoveries to be set off against aggregated claim or separately against aircraft and spares - Whether policy new for old - Whether insureds entitled to order for interim payment - CPR rule 25.7.