GRAHAM JOINT STOCK SHIPPING CO., LTD. v. MERCHANTS' MARINE INSURANCE CO.
(1923) 17 Ll L Rep 44
HOUSE OF LORDS.
Before the Lord Chancellor, Viscount Haldane, Viscount Finlay, Lord Sumner and Lord Parmoor.
Marine Insurance-Loss-Ship scuttled with Privity of Owner-Finding of Scuttling not appealed against-Claim by Mortgagees -Whether Defence of Scuttling also good against Mortgagees-Whether Scuttling a Peril of the Seas-Insurable Interest of Mortgagees - Mortgagors under Contract to Insure with Benefit to Mortgagees - Whether Mortgagees Parties to Contract of Insurance or Assignees of Policy.