IKERIGI COMPANIA NAVIERA S.A. AND OTHERS v. PALMER AND OTHERS GLOBAL TRANSEAS CORPORATION AND ANOTHER v. PALMER (THE “WONDROUS”)

[1992] 2 Lloyd's Rep. 566

COURT OF APPEAL

Before Lord Justice Lloyd, Lord Justice Nourse and Lord Justice McCowan

Insurance (Marine) - Loss of hire and freight - Vessel loaded cargo of molasses at Bandar Abbas - Unable to leave until over a year later - Plaintiffs claimed under insurance policies - Whether losses suffered by plaintiffs covered - Cause of vessels’ detention - Whether plaintiffs’ claim for loss of hire and freight recoverable.