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

[1977] 1 Lloyd's Rep. 457

HOUSE OF LORDS

Before Lord Diplock, Viscount Dilhorne, Lord Simon of Glaisdale, Lord Salmon and Lord Fraser of Tullybelton

Insurance (Marine) - Freight policy - Loss of time charter hire - Stranding of vessel and subsequent repairs - Vessel off hire from time of stranding 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.