THE “ZUHAL K” AND “SELIN”
[1987] 1 Lloyd's Rep. 151
QUEEN’S BENCH DIVISION(ADMIRALTY COURT)
Before Mr. Justice Sheen
nsurance (Marine) - Bond guarantee - Damage to cargo - Vessel arrested - Owners’ P. and I. Club entered into bond scheme with insurers - Insurers settled cargo-owners’ claim - Whether agreement executed by insurers a contract of insurance or guarantee - Whether insurers could claim indemnity from owners.