HISPANICA DE PETROLEOS S.A. AND COMPANIA IBERICA REFINADERA S.A. v. VENCEDORA OCEANICA NAVEGACION S.A. SAME v. SAME AND THE WEST OF ENGLAND SHIP OWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATION (LUXEMBOURG) (THE “KAPETAN MARKOS N.L.” (NO. 2))

[1987] 2 Lloyd's Rep. 321

COURT OF APPEAL

Before Lord Justice Dillon, Lord Justice Mustill and Lord Justice Nicholls

Carriage by sea - Title to sue - Bill of lading endorsed to second plaintiffs - Vessel disabled by fire and explosion - Whether title to cargo passed to second plaintiffs before shipment - P. and I. Club gave undertaking - Whether plaintiffs had title to sue - Whether undertaking should be discharged.