Marine Insurance Act, 1963

Leisure Wear Exports Ltd. (the respondent) purchased an open marine cargo insurance policy from United India Insurance Co. Ltd. (the appellant) and later suffered loss of goods during transit to Moscow. The loss was reported, and the consignee (M/s Magna Overseas) authorized the respondent to file a claim. The responde…

The appellant, a carrier, appealed against a complaint filed by the assured (a consignor who was also a consumer) and the insurer under the Consumer Protection Act, 1986, seeking compensation for loss of a consignment. The goods were insured, the insurer paid the assured, and the assured executed a Letter of Subrogatio…

Hind Offshore Pvt. Ltd. chartered the vessel M.V. Sea Panther and obtained a marine hull insurance policy from IFFCO‑Tokio covering the period 09.11.2006‑08.11.2007, which required a class warranty. The vessel had suffered engine damage during the preceding policy year, for which the insurer paid an advance, but the re…

The appellant, a cargo importer, obtained a marine cargo cover note and later a policy from the respondent insurer for a shipment carried on the vessel Khalijia‑III. The vessel was not classed with an IACS‑member society as required by the Institute Classification Clause (ICC) and the appellant failed to give prompt no…

The appellant United India Insurance issued a Standard Fire & Special Perils (SFSP) policy to Levi Strauss (India) for fire loss, while Levi also held a global Open Marine Insurance (STP) policy issued by Allianz covering the same goods. After a fire, Levi claimed under the SFSP policy, but the insurer denied liability…