NAVIERA DE CANARIAS S.A. v. NACIONAL HISPANICA ASEGURADORA S.A. (THE "PLAYA DE LAS NIEVES")

[1976] 2 Lloyd's Rep. 80

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Goff1 and Lord Justice Shaw

Insurance (Marine) - Freight policy - Loss of time charter hire - Vessel time chartered under New York Produce Exchange form- Stranding of vessel and subsequent repairs -Vessel off hire from time of standing to conclusion of repairs - Whether insured owners entitled to indemnity for loss incurred under freight policy-Whether claim "consequent on loss of time" within Institute Time Clauses Freight, cl. 8 - New York Produce Exchange Time Charter, cl. 15.