Recent cases in the law of marine insurance

Specific Issues for discussion:
• The requirements for insurable interest following the Court of Appeal’s decision in Quadra Commodities SA v XL Insurance Company SE [2023] EWCA 432.
• The status of warranties and terms descriptive of the risk under Insurance Act 2015, with a consideration of PT Adidaya Energy Mandiri v MS First Capital Insurance Ltd [2023] Lloyd’s Rep. IR 143, a decision of Sir Jeremy Cooke sitting in the Singapore International Commercial Court. Particular Issues: constructive total loss, notice of abandonment, waiver of a claim for a constructive total loss and sue and labour.
• Coverage under MII policies following Piraeus Bank AE v Antares Underwriting Ltd [2022] 2 Lloyd’s Rep 1 .

Panellists:Jawdat Khurshid KC of 7 KBW who appeared for the successful respondents in the recent Court of Appeal case of Quadra Commodities;

Professor Professor Özlem Gürses of KCL, author of “Marine Insurance Law” (Third Edition, 2023); and

Mr Peter Mellett, managing director of Bankserve and instrumental in the drafting of the policy scrutinised by the Commercial Court in Piraeus Bank AE v Antares

Venue:The IDRC
1 Paternoster Lane
Time:6.00pm - 7.30pm
CPD Points:1.5 CPD points