HEESENS YACHT BUILDERS BV V COX SYNDICATE MANAGEMENT LTD (THE “RED SAPPHIRE”)

[2006] Lloyd's Rep Plus 49

COURT OF APPEAL

Before Lord Justice Rix Lord Justice Jacob, and Lord Justice Wall

Insurance (liability) – Assured shipyard insured against liability on guarantees given by it in respect of two vessels built by it for claimants – Whether policy applied to guarantees on vessels delivered during currency of policy or to guarantees on vessels whose construction commenced during currency of policy.