Involnert Management Inc v Aprilgrange Ltd & Ors

Akhil Shah QC and Paul Sinclair (instructed by Jones Day) for the Claimant Alistair Schaff QC and David Walsh (instructed by Ince & Co) for the Defendants Daniel Shapiro (instructed by CMS Cameron McKenna) for the First Third Party James Brocklebank and Sushma Ananda (instructed by Clyde & Co) for the Second Third Party Hearing dates: 4-5, 8-11, 15-17, 23-24 June 2015 ____________________

It is apparent from the email sent by Mr Birch the next day in reply that he must have spoken to Ms Koronaiou and learnt that the owner of the new yacht also owned the Galatea. Mr Birch suggested in his email that, at the same time as obtaining a quotation for the new yacht, he would also be able to get a "very competitive indication" for the Galatea.

On the following day (14 April 2011) Mr Ranson saw RSA's underwriter, Mr Absolom, and obtained his signature on the declarations. Mr Ranson then informed Mr Birch by email that the risks had been bound.

The document attached to the email was a different version of the proposal form for the Galatea from the version which had previously been sent to OAMPS on 14 and again on 28 April 2011. The difference was that on the document which Ms Koronaiou had signed on 14 April 2011 some further details had now been added by Mr Birch. The information added comprised:

The reason for this second change to the inception date is unclear, as the existing Allianz policy was valid from 15 May 2010 until 14 May 2011, and 15 May 2011 therefore appears to have been the correct inception date.