Kastor Navigation Co Ltd and Another v AGF M A T and others (“Kastor Too”): ComC 4 Dec 2002
The claimant ship owner and its mortgagee sued the defendant insurer after the loss of the insured vessel, through fire. The insurers replied that the damage by fire was so extensive that the vessel was beyond repair when she sank, and was therefore a constructive total loss (‘CTL’). They said the cause of the loss … Continue reading Kastor Navigation Co Ltd and Another v AGF M A T and others (“Kastor Too”): ComC 4 Dec 2002
