Chinese Insurer Sues To Void $38M Shipping Policy

Law360, London (July 15, 2020, 6:03 PM BST) -- Chinese insurer Sunshine Property and Casualty has sued a shipping company for allegedly misrepresenting the cost of its vessel, in a bid to avoid forking out under a $38 million marine policy after the ship sank off the coast of Guinea.

Sunshine Property and Casualty Insurance Co. said in its particulars of claim that it will not pay the amount open-ocean fishing company Pelagic Fishing Corp. has sought for the sunken vessel, named the Kapitan Veselkov. The fishing trawler, which was built in 1991, capsized and sank in February 2017 during a fishing voyage from Las Palmas in Spain to Durban,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!