GLENCORE INTERNATIONAL A.G. v. RYAN (THE “BEURSGRACHT”) (No. 2)

[2001] 2 Lloyd's Rep. 608

CENTRAL LONDONCOUNTY COURTBUSINESS LIST

Before Judge Hallgarten, Q.C.

Insurance (Marine) - Charterer’s liability - Declaration - Open cover - Declaration to be made within a reasonable time - Insured claimed in respect of accident which occurred on vessel - Underwriters alleged no timely declaration made in respect of vessel - Whether underwriters entitled to reject declaration - Whether breach of condition or innominate term - Whether insured acted in good faith in omitting to make declaration within reasonable time - Whether insured entitled to recover in respect of costs and expenses occasioned in dealing with owners claim under charter-party.