PENINSULAR AND ORIENTAL STEAM NAVIGATION CO. AND OTHERS v. YOUELL AND OTHERS

[1997] 2 Lloyd's Rep. 136

COURT OF APPEAL

Before Lord Justice Nourse, Lord Justice Potter and Lord Justice Mummery

Insurance (Marine) - Liability insurance - Indemnity - Cruise voyages disrupted and plaintiffs paid passengers compensation - Plaintiffs claimed recovery of amount paid under liability insurance - Whether plaintiffs had to establish legal liability in respect of third party claims - Whether underwriters entitled to equitable set-off in respect of repayment of moneys paid on account in similar claim on a subsequent year.