GULF REFINING COMPANY v. ATLANTIC MUTUAL INSURANCE COMPANY. [Reprinted, with acknowledgments, from the "United States Daily."] (THE "GULFLIGHT.")

(1929) 35 Ll L Rep 21

UNITED STATES.SUPREME COURT.

Before Mr. Justice Stone and other Judges.

Insurance (Marine)-General average- Cargo contributions-Claim by insured to be indemnified-Contributory value of cargo in excess of agreed value-Co-insurance principle-Held that the insurers were liable for general average contributions only in the proportion that the agreed value bore to the contributory value.