In Oceanus Capital SARL v Lloyd’s Insurance Company S.A. (M/V “Vyssos”) [2025] EWHC 3293 (Comm), the Commercial Court held that a mortgagee lender was entitled to claim under a Mortgagee’s Interest Insurance (commonly known as “MII”) policy where owners had forged additional insurance cover, leading to the non-payment under the existing insurance cover following the constructive total loss of a vessel. The decision underscores the importance of […]