NAVIERA DE CANARIAS S.A. v. NACIONAL HISPANICA ASEGURADORA S.A. (THE "PLAYA DE LAS NIEVES")

[1975] 1 Lloyd's Rep. 259

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Marine insurance - Freight policy - Loss of time charter hire - Vessel time chartered under New York Produce Exchange form - Stranding of vessel and subsequent repairs - Vessel off hire from time of stranding to conclusion of repairs - Whether insured owners entitled to indemnity for loss incurred under freight policy - Whether claim "consequent on loss of time" within Institute Time Clauses Freight, cl. 8 - New York Produce Exchange Time Charter, cl. 15.