Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GLAFKI SHIPPING CO. S.A. v. PINIOS SHIPPING CO. NO. 1 (THE "MAIRA") (NO. 2)

[1986] 2 Lloyd's Rep. 12

HOUSE OF LORDS

Before Lord Hailsham of St. Marylebone, L.C., Lord Bridge of Harwich, Lord Brandon of Oakbrook, Lord Brightman and Lord Mackay of Clashfern

Arbitration - Award - Remission - Errors of law - Obligation to insure mortgaged vessel - Arbitrators stated award in form of special case - Whether award should be remitted or set aside for errors of law - Valuation of mortgaged vessel - Whether vessel under-insured.

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