GRAHAM JOINT STOCK SHIPPING CO., LTD. v. MERCHANTS' MARINE INSURANCE CO., LTD.

(1924) 17 Ll L Rep 241

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-Insurance effected by Brokers for Themselves "and/or as Agents"-Insurable Interest of Mortgagees - Mortgagors under Contract to insure with Benefit to Mortgagees - Whether Mortgagees Parties to Contract of Insurance or Assignees of Policy.

[The "Ioanna."]