MASEFIELD AG v AMLIN CORPORATE MEMBER LTD (THE “BUNGA MELATI DUA”)

[2011] 1 Lloyd's Rep. 630

COURT OF APPEAL

Before Lord Justice Rix, Lord Justice Moore-Bick and Lord Justice Patten

Insurance (marine) — Piracy — Theft — 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 — Suing and labouring — Marine Insurance Act 1906, sections 57 and 78(4) — Theft Act 1968, section 6.