Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

STOLOS COMPANIA S.A. v. AJAX INSURANCE CO. LTD. (THE "ADMIRAL C")

[1981] 1 Lloyd's Rep. 9

COURT OF APPEAL

Before Lord Justice Stephenson, Lord Justice Dunn and Sir David Cairns

Insurance (Marine) - Custom - Term in policy that claims to be collected through brokers - Vessel lost by peril of sea - Brokers in liquidation - Whether dealings between insurance brokers and plaintiff on "in-account" basis - Whether direct claim by plaintiff against defendants excluded - Whether defendants had good defence to plaintiffs' claim.

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