SALVAGE DISPUTE
(Press. Assn.-
UNDERWRITERS AND OWNERS OF ATLANTIQUE DISAGREE
-By Telegrapli— Copyrlght).
Rec. Feb. 3, 7.0 p.m. London, February 3. The Daily Express says that a grave dispute has arisen between the London underwriters and the owners of the liner, L'Atlantique, which was damaged by fire. The latter are demanding the whole of the £1,500,000 insurance, though the ship is not a total loss. The French Government shared the insurance rislc with Lloyds, otherwise the owners would simply have abandoned the vessel and had a clear claim to the insurance. Lloyd's contended that the ship could be restored in England for half the sum it would cost in a French yard, but the French Governmest wants all the money for repairs kept in France.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 448, 4 February 1933, Page 5
Word Count
125SALVAGE DISPUTE Rotorua Morning Post, Volume 2, Issue 448, 4 February 1933, Page 5
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