The UK Supreme Court's decision in the "Renos" and the position under the Nordic Plan.

The UK Supreme Court's decision in the "Renos" on CTL

In the "Renos" the UK Supreme Court has clarified to what extent salvage costs are relevant when determining whether a vessel is a constructive total loss under the ITCH conditions. In this article we consider, together with Herman Steen at Wikborg Rein, what the position would be under the Nordic Plan

 Link to article by Wikborg Rein Advokatfirma / Cefor