11 Oct 1985
DICKSON WATCH & JEWELLERY CO LTD v. MOW TAI INSURANCE & REINSURANCE CO LTD
- Citation
- DICKSON WATCH & JEWELLERY CO LTD v. MOW TAI INSURANCE & REINSURANCE CO LTD
- Court
- Court of First Instance
- Case number
- HCA7469/1984
Market replacement value under the policy is to be ascertained by reference to the market in which consignees obtain goods from consignors; that market price is the net consignment price payable by a consignee to a consignor and includes the consignor's profit but excludes the consignee's profit; alleged trade custom and past dealings were not established and do not alter construction.