MASEFIELD AG v AMLIN CORPORATE MEMBER LTD
[2010] Lloyd's Rep. IR 345
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice David Steel
Insurance (marine) — Piracy — Vessel seized by pirates — Ransom paid and vessel and cargo released — Whether cargo became an actual total loss on seizure — Whether cargo became a constructive total loss on seizure — Legality of payment of ransom — Marine Insurance Act 1906, sections 57 and 60.