MASEFIELD AG v AMLIN CORPORATE MEMBER LTD
[2010] Lloyd's Rep Plus 36
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice David Steel
Insurance (marine) - Piracy - Vessel seized by pirates - Ransom paid and vessel and cargo released - Whether cargo became an actual total loss on seizure - Whether cargo became a constructive total loss on seizure - Legality of payment of ransom - Marine Insurance Act 1906, sections 57 and 60.