Can Marine Cargo Insurance Provide Cover for Non-Existent Goods?: Engelhart v Lloyd’s Syndicate 1221

• Autores: John Dunt
• Localización: Lloyd's maritime and commercial law quarterly, ISSN 0306-2945, Nº. 4, 2018, págs. 464-470
• Idioma: inglés
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• Resumen

  • The decision in Engelhart CTP (US) LLC v Lloyd’s Syndicate 1221 & Ors examines the English and US authorities regarding marine cargo insurance cover for loss of non-existent goods and concludes that there is a need for clear words before a policy covering physical losses can be read to cover non-physical losses. Engelhart CTP (US) LLC (“Engelhart”), part of a large trading group, claimed against certain syndicates at Lloyd’s of London (Lloyd’s) in respect of the loss of a cargo of copper ingots. The case was decided by Sir Ross Cranston in the Commercial Court on a construction summons on facts agreed for the purposes of the summons.