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LLR: Insurance & Reinsurance

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.

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