Gulf Coast Trawlers, Inc. v. Resolute Insurance

GARZA, District Judge.

This is an action brought by a shipowner against the insurer to recover for loss of his shrimping vessel, the O/S JOYCE MARIE which was insured under an American Institute Time Hull Policy containing an Inchmaree clause.

*425Libellant alleges that the O/S JOYCE MARIE was lost on a fishing voyage in the Gulf of Mexico on November 5, 1963, and that at the time of such loss said vessel was in all respects seaworthy and said loss was a result of the perils insured against.

Respondents Resolute Insurance Company and Lloyd’s Underwriters and/or Institute of London Companies contend,…