GLOBAL PROCESS SYSTEMS INC AND ANOTHER v SYARIKAT TAKAFUL MALAYSIA BERHAD (THE “CENDOR MOPU”)

[2011] Lloyd's Rep. IR 302

SUPREME COURT

Before Lord Mance SCJ, Lord Collins SCJ, Lord Clarke SCJ, Lord Dyson SCJ and Lord Saville SCJ

Insurance (marine) — Cargo insurance — Oil rig transported on barge lost legs due to fatigue cracking — Whether loss due to perils of the sea — Exclusion for inherent vice — Proximate cause of loss — Institute Cargo Clauses (A) terms — Marine Insurance Act 1906, sections 39, 40 and 55.