GURNEY v. GRIMMER.

(1932) 43 Ll L Rep 481

KING'S BENCH DIVISION.

Before Mr. Justice Branson.

Insurance-Reinsurance-Compromised or arranged total loss-Reinsurers "to pay only in the event of the total constructive compromised and/or arranged total loos of the vessel"-Stranding of vessel-Notice of abandonment given to insurers and not accepted - Subsequent settlement in full with owners on basis of constructive total loss plus a sum in respect of sue and labour charges-Claim by insurers against reinsurers on 100 per cent. basis-Held, that "arranged" meant no more than "compromised", and that as the insurers had settled with the owners for a constructive total loss they were not entitled to recover from their reinsurers for a "compromised and/or arranged total loss."