Litigation and arbitration
The vessel operated by the Client was insured with five insurance companies under Clauses of the Institute of London Insurers. During berthing at a foreign port, it was discovered that the main engine is damaged. Based on the expert opinion, the leading insurer recognized the event as a loss event and paid compensation. All insurers paid their shares of the loss except one Russian company, whi...
A vessel insured by a Russian company was driven ashore as a result of extreme weather. A general average was declared. The vessel was further declared a structural failure.
The Insured claimed all costs related to evacuation of the crew and provided a notice of possible pollution and removal of the wreck to the P&I insurer. The insurance company refused to pay and filed a claim to ...