OSCAR L. ARONSEN INC. v. COMPTON AND OTHERS (THE "MEGARA")

[1973] 2 Lloyd's Rep. 361

UNITED STATESDISTRICT COURTSOUTHERN DISTRICT OFNEW YORK

Before Circuit Judge J. Edward Lumbard*

United States - Marine insurance - Insurance of anticipated charter profits by charterer of vessel - Indemnity for loss of profits where vessel was "compromised or arranged total loss" - Claim by vessel's owner for constructive total loss - Claim abandoned and settled as partial loss - Whether charterer entitled to indemnity.