US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ |™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for

STANDARD MARINE INS. CO. V. ASSUR. CO., 283 U. S. 284 (1931)

Subscribe to Cases that cite 283 U. S. 284 RSS feed for this section

U.S. Supreme Court

Standard Marine Ins. Co. v. Assur. Co., 283 U.S. 284 (1931)

Standard Marine Insurance Company, Limited v.

Scottish Metropolitan Assurance Company, Limited

No. 261

Argued March 13, 16, 1931

Decided April 13, 1931

283 U.S. 284


1. It has long been the accepted rule, in the law of maritime torts and of maritime insurance that the recoverable value of cargo lost or damaged at sea is the value at time and place of shipment, without allowance for increase of value or anticipated profits. P. 283 U. S. 288.

2. An insurer against loss of anticipated profits on cargo and an insurer of the cargo are not co-insurers of the same risk, and the former is not entitled to be subrogated with the latter to the cargo owner's right of recovery for destruction of the cargo by a maritime tort. P. 283 U. S. 287.

3. Insurance upon "increased value" of cargo is upon the same footing, in this regard, as insurance upon profits insofar as the former covers value in excess of the value of the cargo at time and place of shipment. P. 283 U. S. 288 et seq.

39 F.2d 436 affirmed.

Certiorari, 282 U.S. 822, to review a decree affirming a decree of the district court, 28 F.2d 540, in a limitation of liability proceeding, which apportioned the recovery between two intervening insurance companies. chanroblesvirtualawlibrary

Page 283 U. S. 285

ChanRobles™ LawTube

google search for Search for

Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



Browse By ->> Volume


Browse By ->> Year


  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library |™