OVERSEAS COMMODITIES, LTD. v. STYLE.
[1958] 1 Lloyd's Rep. 546
QUEEN'S BENCH DIVISION.(COMMERCIAL COURT.)
Before Mr. Justice McNair.
Marine insurance- Breach of warranty- Insurance of canned pork against all risks- "Warranted all tins marked by manufacturers with a code for verification of date of manufacture" - Number of tins incorrectly marked - Claim under policy- Liability of insurers- Meaning of "for verification"- Whether insurers only freed from liability in respect of incorrectly marked tins - Effect of "held covered" clause.
Marine insurance- All risks- "Including inherent vice and hidden detect. Condemnation by authorities to take place within three months of the date of arrival in final warehouse. . ." - Claim under policy - Meaning of condemnation clause- Whether condemnation conclusive evidence of loss due to inherent vice - Whether claim for loss due to inherent vice unlimited as to time- Liability of insurers for financial loss due to sound goods becoming suspect to trade.