Mortgagee’s interest policy: Piraeus Bank AE v Antares Underwriting Ltd [2022] EWHC 1169
- Resource Type
- Authors
- Hjalmarsson, Johanna; Kuz, Ali Fuat
- Source
- Subject
- Language
- English
In this case, the question arose ‘whether the prolonged detention of a vessel in Venezuela gave rise to a constructive total loss of that vessel under the owners’ war risks policy’. If a constructive total loss was at hand under that policy, could the mortgaging bank under a mortgagees’ interest policy recover an indemnity in respect of its loss as assignee and also as loss payee under the owners’ war risks policy?