[1995] 2 Lloyd’s Rep. 242

Adam Fenton – Insurance (Marine) – Subrogation – Waiver – Vessel carrying cargo of naptha exploded – Cargo insurers paid cargo owners’ liability under salvage agreement and for loss of cargo – Under insurance insurer waived rights of subrogation against subsidiary or affiliate – Whether waiver extended to c.i.f. buyer – Whether insurers could recover moneys paid from defendants.