Navigators Insurance Company Limited v Atlasnavios-Navegacao LDA [2018] UKSC 26

In a decision handed down yesterday (22 May) the Supreme  Court  held that where a vessel was used by unknown third parties in an unsuccessful attempt to export cocaine from Venezuela (by strapping a parcel of drugs to the vessel underwater), leading to a detention of the vessel by Venezuelan authorities for more than 6 months, the Owners were not entitled to recover the vessel’s insured value from the vessel’s war risk insurers.Continue Reading Venezuelan drug smuggling – CTL and recovery for detention under Institute clauses