In deciding the question whether or not there has been a constructive total loss of a vessel which has been wrecked, the selling value of the wreck falls to be added to the cost of repairing the vessel.
A vessel’s value was pounds 12,000. She was wrecked. The cost of repairing her was pounds 11,000; the wreck was worth pounds 1000. Held that she was a constructive total loss.
Judgment of Court of Appeal reversed.
Judges:
Lord Chancellor (Loreburn), Lords Robertson and Collins
Citations:
[1908] UKHL 988, 45 SLR 988
Links:
Jurisdiction:
England and Wales
Transport
Updated: 26 April 2022; Ref: scu.621500
