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“Evelpidis Era” The First National Bank Of Chicago V. The West Of England Shipowners Mutual Protection And Indemnity Association (Luxembourg)

8th Jul 1980

[1981] 1 Lloyd’s Rep. 54

Timothy Saloman – Insurance (Marine) – Protection and indemnity risks – Owners assigned benefits of all insurances to bank – Vessel sank – Whether club could set off amount due in respect of calls against any amount due from club – Whether notice of assignment and notice of default given to club prevented set-off from being effected

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