[1994] 2 Lloyd’s Rep. 99

leading Commercial Court decision on the effect of the Leading Underwriter Clause and the agency of leading underwriters and the following market

Insurance (Marine) – Non-disclosure – Leading underwriter clause – Underwriters agreed to insure barge provided LSA approved towing and beaching arrangements – LSA refused approval of beaching arrangements – Waiver of LSA condition – Whether leading underwriter as agent could waive LSA approval – Whether underwriters bound by second slip – Circuity of action – Whether plaintiffs could claim under first slip.