71 results found

The Singapore Court of Appeal's landmark decision in Argoglobal Underwriting v OCBC [2026] SGCA 14 examines the stringent evidentiary requirements for marine insurance claims following the capsize of the jackup rig "TERAS LYZA." The ruling clarifies when insureds can invoke the presumption of loss by perils of the seas and establishes critical standards for proving Constructive Total Loss claims. This case serves as essential guidance on the burden of proof, the preservation of evidence, and the admissibili

The proceeds of a judicial sale of a ship are normally paid according to the following order: