CONTINENTAL ILLINIOS NATIONAL BANK & TRUST CO. OF CHICAGO v. BATHURST (THE "CAPTAIN PANAGOS D.P.)

[1985] 1 Lloyd's Rep. 625

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mustill

Insurance (Marine) - Damage to vessel - Owners insured vessel under hull and machinery policy - Bank mortgagees insured vessel under a mortgage interest insurance policy - Whether amount due under M.I. policy to be ascertained by reference to hull policy - Whether insured value under hull policy irrelevant - Assessment of value of vessel.