“Whenever I teach Transatlantic Financing, I say something about insurance. Judge Skelly-Wright points out that, if he were to decide the allocation of risk in the case, he would likely find that Transatlantic bore the duty of insuring against the closing of the canal. I hypothesize that the US likely would have insured the cargo, the wheat it was sending to Iran. I’m less certain about the insurance market for detours around the Cape …” (more)
[Jeremy Telman, ContractsProf Blog, 30 March]
First posted 2021-04-01 06:45:54
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