Guidance on reinstatement conditions from UK Court of Appeal

Guidance on reinstatement conditions from UK Court of Appeal

Great Lakes Reinsurance (UK) SE v Western Trading Ltd  [2016] EWCA Civ 1003

The decision considered the enforceability of clauses in an insurance policy that made payment of reinstatement costs conditional on the insured first incurring these costs itself, and commencing work in a reasonable time. Also considered was the position where it is unclear if the insured genuinely intends to reinstate the damaged property.

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No limitation of liability for bulk cargo under the Hague Rules

No limitation of liability for bulk cargo under the Hague Rules

Vinnlustodin HF v Sea Tank Shipping AS [2016] EWHC 2514 (Comm) (The Aqasia)

A recent decision of the Commercial Court in the UK has settled a decades-long dispute as to whether the term "unit" in Article IV Rule 5 of the Hague Rules can be read as including units of measurement.

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