Common Contracts
1 similar Marine Insurance Agreement contracts
Indexed As: Universal Sales Ltd. et al. v. Edinburgh Assurance Co. et al.Marine Insurance Agreement • September 27th, 2021
The marine insurance in issue was excess third party liability cover, split between various syndicates and companies. The plaintiffs (the "Irving Group") sought indemnity from the defendant underwriters for sums paid to the Canadian government in settlement of an action for the cost of refloating the tank-barge Irving Whale and her cargo of Bunker C fuel oil, for the cost of defending that action, and for sue and labouring expenses allegedly incurred on the underwriters' behalf. The underwriters denied liability. They took the position that the Irving Group were not liable, or, if they were, their liability was not covered by the policies. The limit on liability coverage was $5 million.
