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SEA TRADE MARITIME CORPORATION v. HELLENIC MUTUAL WAR RISKS ASSOCIATION (BERMUDA) LIMITED

7 A.D.3d 289 (2004)

776 N.Y.S.2d 255

SEA TRADE MARITIME CORPORATION, Appellant, v. HELLENIC MUTUAL WAR RISKS ASSOCIATION (BERMUDA) LIMITED ET AL., Respondents. GEORGE C. PETERS, Additional Appellant. (And a Third-Party Action.)

Appellate Division of the Supreme Court of the State of New York, First Department.

May 6, 2004.

Defendant Hellenic is a mutual insurance company organized under the laws of Bermuda. Plaintiff Sea Trade is a Liberian corporation that operates the Greek-flagged merchant ship Athena, which sustained damage in May 1997 at Trincomalee, Sri Lanka, resulting from the explosion of a bomb allegedly planted by Tamil terrorists. Plaintiff was insured against war risks by Hellenic under a policy obtained in 1992 and renewed annually...

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