BAHARI FOOD LTD VS EXIM BANK T LTD COMM CASE NO
Absence of a marine insurance policy issued by the insurer to the insured renders the marine insurance contract invalid and inadmissible in evidence under section 22 of the Marine Insurance Act 1906. Despite payment of premium and issuance of an interim cover note, no valid marine insurance contract existed at the time of the accident. Consequently, there was no breach of contract and no entitlement to reliefs claimed by the Plaintiff.
Source excerpt
- Marine insurance
- Insurable interest
- Agency
- Premium payment
- Breach of contract
- Evidence