“…It is supported by the only two authorities in which this question had previously arisen - Hall v Hayman (1912) 17 Comm Cas 81 and The Medina Princess [1965] 1 Lloyd’s Rep 361.…”
“…In The Medina Princess [1965] 1 Lloyd’s Rep 361, a vessel was damaged during a voyage from Bremen to China, and the shipowner sued for a CTL. One of the items sought to rank towards the claim was the sum of …”