MOK Petro Energy FZC v Argo (No 604) Ltd and Others [2024] EWHC 1935 (Comm); [2024] Lloyd's Rep IR 585

Cargo damage and breach of warranty in insurance

In this case, the UK High Court considered whether an inherent feature of a blended gasoline cargo could be deemed physical damage for the purposes of a particular average insurance claim under the Institute Cargo Clauses (ICC)(A). The court assessed the cause and timing of the alleged cargo contamination and offered an insightful analysis of sections 10 and 11 of the Insurance Act 2015.