TENNECO OIL CO. v. TUG TONY AND COASTAL TOWING CORP.1

[1972] 1 Lloyd's Rep. 514

UNITED STATESDISTRICT COURTSOUTHERN DISTRICT OFTEXAS (HOUSTON DIVISION)

Before District Judge Carl O. Bue, Jr.

United States - Charter-party - Cargo insurance clause - Insurers' rights of subrogation against carrier waived - Whether clause valid or contrary to public policy - Damage to cargo due to negligence of carrier - Whether clause applicable only to proportion of amount paid by cargo insurers. United States - Marine insurance - Subrogation - Rights of subrogation against carrier waived by assured under cargo insurance clause - Whether clause valid or contrary to public policy.