Banco Nacional De Nicaragua v. Argonaut Insurance Company
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
R. LANIER ANDERSON, III, Circuit Judge:
This litigation concerns the fate of a cargo of urea shipped from Romania to Nicaragua in 1974. The owner of the urea, appellant Banco Nacional De Nicaragua (“Banco Nacional”), filed suit against the insurer of the cargo, appellee Argonaut Insurance Company (“Argonaut”), alleging that a large quantity of the urea had been lost or damaged on the voyage or during the unloading of the vessel. Argonaut disagreed, arguing at trial that no loss had occurred or, alternatively, that any loss occurred after the period of coverage had ended. Siding with Argonaut,…
2Cases cited4 opinions
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