CONTINENTAL ILLINOIS NATIONAL BANK & TRUST CO. OF CHICAGO AND XENOFON MARITIME S.A. v. ALLIANCE ASSURANCE CO. LTD. (THE "CAPTAIN PANAGOS D.P.")

[1986] 2 Lloyd's Rep. 470

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Evans

Insurance (Marine) - Constructive total loss - Vessel grounded on eastern shore of Red Sea - Vessel suffered damage from major fire - Plaintiffs claimed under policy - Defendants alleged that loss procurred or connived at by owners - Whether loss caused by wilful misconduct of owners - Whether defendants liable under policy.