Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WELLS FARGO BANK INTERNATIONAL CORPORATION v. LONDON STEAM-SHIP OWNERS' MUTUAL INSURANCE ASSOCIATION LTD. (THE "JOHN W. HILL")

[1977] 1 Lloyd's Rep. 213

UNITED STATESDISTRICT COURTSOUTHERN DISTRICT OF NEW YORK

Before District Judge Frankel

Insurance (Marine) - Protection and indemnity risks-Mortgagees of ship named as loss-payee under policy - Ship ran aground - Owners declared a general average - Mortgagees unable to recover cargo-owners' contribution - Whether mortgagees could claim under policy-United States. Arbitration - Stay of action - Arbitration clause in P. & I. Clubs rules-United States.

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