ZEUS TRADITION MARINE LTD v. BELL (THE “ZEUS V”)

[2000] 2 Lloyd's Rep. 587

COURT OF APPEAL

Before Lord Justice Pill, Lord Justice Potter and Sir Murray Stuart Smith

Insurance (Marine) - Total loss - Policy condition - Construction - Insured yacht caught fire and became total loss - Underwriters denied liability - Steps relating to carrying out of survey to be taken by assured prior to vessel being brought into commission - Substance of survey required to be procured - Effect of non-compliance with requirements of condition - Non-disclosure of material fact.