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