In the recently reported case of Overseas-Chinese Banking Corporation v ArgoGlobal Underwriting Asia Pacific Pte Ltd and Others [2025] SGHC 82 , the Singapore High Court considered a range of issues relating to a marine insurance claim, including: constructive total loss; perils of the seas; insurable interest; the duty of fair presentation; and breach of policy warranties. The policy was governed by English law, so the case included detailed consideration of the Marine Insur

London upstream underwriting body the Joint Natural Resources Committee (formerly the Joint Rig Committee) has announced changes to the basis upon which its members wish to provide cover for Operator’s Extra Expense risks. For forty years, the standard market policy form providing Operator’s Extra Expense cover has been the Energy Exploration and Development Insurance 8/86 wording (“ EED 8/86” ). The standard EED 8/86 policy form affords coverage in respect of Control of Well

In conjunction with the 2025 budget, the UK government has announced amendments to plans to end oil & gas exploration in the North Sea. In particular, within set parameters, the government is due to allow the development of blocks of acreage which are part of, or adjacent to, existing oil & gas fields. The government anticipates such areas should already be well-understood and will therefore not require any exploration activity. Subject to forthcoming legislation and interpre

The recent appeal case in the Full Federal Court of Australia, in the matter of Insurance Australia Ltd v Capral Ltd [2025] FCAFC 46 , upheld the previous reasoning and decision of the Federal Court of Australia and provides a useful summary regarding property damage and policy coverage. Amongst other things, Capral supplied aluminium products for use in the maritime industry. Capral sold and delivered plate to its customers. The plate was then used as marine-grade plate in t