KAZAKSTAN WOOL PROCESSORS (EUROPE) LTD v NEDERLANDSCHE CREDIETVERZEKERING MAATSCHAPPIJ NV

[1999] Lloyd's Rep IR 596

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Mr Justice Toulson

Insurance (credit) - Insured ceasing to trade and failing to submit trading declaration - Insured in breach of obligation to pay premium - Policy rendering due performance and payment by insured conditions precedent to insurer’s liability - Insurers having right to terminate policy and all liability under it - Whether condition precedent applied to all claims or claims to which breach related - Whether insurers able to avoid liability for claims arising out of events occurring prior to notice of termination.