Change of Ownership: Issues for Insurers
The practice is run from our UK, European, Asian and American offices, ensuring that we always have our own people available in relevant time zones. Most of the major headline cases in marine insurance in the last decade have involved lawyers from one or other of our offices.
Providing contentious and advisory services to all parties within the marine insurance business, we work with overseas insurers and the many syndicates, companies, captives, brokers, P&I clubs and loss adjusters which form the nucleus of the London marine market and their insureds.
We provide a comprehensive range of legal services, advising on hull, energy, cargo, liability, business interruption and reinsurance matters, and have developed a proven track record in advising on marine and energy claims issues.
Our years of experience in both the marine and insurance sectors means that we have a firm grasp of the challenges faced by our clients, as well as the know-how to help them navigate through those issues. We are able to offer advice on a wide range of marine insurance matters including recoveries, war and terrorism, shipbuilding & offshore construction, mortgagees’ interests, yachts, loss of hire, pollution, scuttling and fraud, all aspects of marine casualties, and P&I, FD&D and charterers' liability.
Advising cargo insurers on coverage issues arising in relation to claims by the insured for loss/seizure/misappropriation of rice and veg oil cargoes in West Africa
Acting for an insurer in relation to the P-XXV case involving a USD 20 million claim by a Brazilian insured for loss and damage following the collision of a floating unit
Advising and conducting defence of major reinsurance carrier in reinsurance dispute (Bermuda Form arbitration) with US defence contractor in relation to USD 1 billion property damage and business interruption claim following damage to its Gulf Coast shipyards and 15 US naval vessels under...
Acting for subrogated insurers in a recovery action in respect of a large pipeline rupture offshore Hainan, China the most high-profile and serious oil pollution incident in China’s maritime history
Assisting a number of cargo insurers to pursue cargo claims against a large number of NVOCCs in Hong Kong in relation to the loss of cargoes as a result of the sinking of the carrying container vessel in June 2013
Acting for insurers in relation to the “Demas Victory”, an offshore supply vessel, which capsized inbound to Qatar resulting in 30 deaths and ensuing criminal and civil proceedings, insurance and blood money issues
Acting for marine insurers to defend a claim for total loss based on a phantom ship theft of a full cargo shipped from Thailand to West Africa. The decision led to the rewriting of the Change of Voyage Clause in the New ICC 2009
Defending claims for the salvage and general average of the surviving containers, and pursuing recovery for the loss of cargo following a collision between a container ship and a bulk carrier, following which only the on-deck cargo was salvaged and nearly all 600 containers were lost
Advising multiple cargo insurers on the total loss of USD 300 million of cargo after container broke in two, caught fire and sank in two sections, losing all 4,382 containers on board. This is the largest container vessel ever to be lost
Bahamian-flagged car carrier that sank in the North Sea after a collision with the Cyprus-registered container ship. (Loss amount USD 35 million)
Successfully defending European insurers from proceedings brought against them by their insured in the UK regarding loss of steel valued at USD 5 million. The case was dismissed and referred to in the Courts in Switzerland and ultimately settled for less than USD 100,000
Advising insurers on a dispute in respect of a EUR 1.4 million claim concerning engine breakdown and subsequent fraudulent claims
Acting for shipowners and insurers in the successful defence and settlement of wrongful death and products liability claims by the family of a ship’s officer who died after an explosion in the engine room of a refrigerated cargo ship on high seas
Successfully representing an oil trader in relation to demurrage and detention claims resulting from an owners’ refusal to accept the nominated vessel to perform a ship-to-ship transfer