Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GURNEY v. GRIMMER.

(1932) 44 Ll L Rep 189

COURT OF APPEAL.

Before Lord Justice Scrutton, Lord Justice Lawrence and Lord Justice Greer.

Insurance- Reinsurance- Compromised or arranged total loss- Reinsurers "to pay only in the event of the total constructive compromised and/or arranged total loss 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 reduced sum in respect of sue and labour charges - Claim by insurers against reinsurers on 100 per cent. basis

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