X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Judge Baer

NEW YORK MARINE & GENERAL INSURANCE CO. v. TRADELINE (L.L.C.) — The United States Court of Appeals for the Second Circuit remanded this case to determine whether a marine cargo insurance policy remained in effect at the time water damaged a portion of a diammonium phosphate shipment, which was stored in a shore-side silo at Jawaharlal Nehru Port Trust, India (“JNPT”). At the commencement of this litigation, plaintiff New York Marine & General Insurance Co. (“NY Marine”) sought a declaratory judgment that it is not liable to defendants for the cargo damaged at the JNPT port. Defendants Tradeline (L.L.C.) (“Tradeline”) and Deepak Fertilisers and Petrochemicals Corp. Ltd. (“Deepak”) counterclaimed against NY Marine for breach of the insurance policy for failing to pay Deepak’s claim. For the foregoing reasons, I find that the insurance policy did not extend to cover the water damage to the DAP at JNPT, and therefore NY Marine is not liable to defendants.

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
November 27, 2024
London

Celebrating achievement, excellence, and innovation in the legal profession in the UK.


Learn More
December 02, 2024 - December 03, 2024
Scottsdale, AZ

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!


Learn More
December 11, 2024
Las Vegas, NV

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.


Learn More

Experienced Insurance Defense Attorney.No in office requirement.Send resume to:


Apply Now ›

Role TitleAssociate General Counsel, Global EmploymentGrade F13Reporting ToSenior Legal Counsel, Global EmploymentProgram/Tool/ Department/U...


Apply Now ›

Ryan & Conlon, LLP, is a boutique firm specializing in insurance defense. We are a small eclectic practice with a busy and fast paced en...


Apply Now ›