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Plaintiff Step Shipping insured its vessel with Defendant PICC Insurance and there was an agreement that the premium installments would be made on certain specified days, and in the event of a default on the part of Plaintiff Step Shipping, Defendant PICC Insurance was entitled to terminate the existing relationship. Plaintiff Step Shipping missed out on paying the third installment on the same day that different media outlets announced the sinking of the vessel.

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STEP SHIPPING LIMITED v. PICC Shipping Insurance Operation Center

  • 章节

  • 发表日期：

    2025年

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  • Martin Davies,
  • Jiang Lin

摘要

Plaintiff Step Shipping insured its vessel with Defendant PICC Insurance and there was an agreement that the premium installments would be made on certain specified days, and in the event of a default on the part of Plaintiff Step Shipping, Defendant PICC Insurance was entitled to terminate the existing relationship. Plaintiff Step Shipping missed out on paying the third installment on the same day that different media outlets announced the sinking of the vessel.