10 May 2006
E.L.A.Z. INTERNATIONAL CO v. HONG KONG & SHANGHAI INSURANCE CO LTD
- Citation
- E.L.A.Z. INTERNATIONAL CO v. HONG KONG & SHANGHAI INSURANCE CO LTD
- Court
- Court of First Instance
- Case number
- HCCL16/2003
On the facts the court found the insured adventure extended to Mexico and the goods remained in the ordinary course of transit at the time of the theft in Laredo; the delay was not an election by the assured to store the goods and thus clause 8 did not terminate cover; the phrase 'subject to full container load' did not import a warranty prohibiting transshipment or devanning and did not extinguish cover; plaintiff retained an insurable interest; accordingly the insurer was liable for the insured sum.