[1992] 2 Lloyd’s Rep. 26; [1990] 2 Lloyd’s Rep. 418

Dominic Kendrick – Practice – Costs – Insurance (Marine) – War-risks – Vessel declared under established German open cover – Cover warranted German F.O.M. – Vessel struck by Exocet missile – Underwriters held not liable under policy – Brokers ordered to pay to plaintiffs their own costs of failed action against underwriters – Whether such costs recoverable on indemnity basis