Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

THE FIRST NATIONAL BANK OF CHICAGO v. THE WEST OF ENGLAND SHIPOWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATION (LUXEMBOURG) (THE "EVELPIDIS ERA")

[1981] 1 Lloyd's Rep. 54

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mocatta

Insurance (Marine) - Protection and indemnity risks - Owners assigned benefits of all insurances to bank - Vessel sank - Whether club could set off amount due in respect of calls against any amount due from club - Whether notice of assignment and notice of default given to club prevented set-off from being effected.

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