Constructive total loss and fair presentation in marine insurance - "Oversea-Chinese Banking Corporation Ltd v Argoglobal Underwriting Asia Pacific Pte Ltd and Others 2025 SGHC 82"

Key Points

• The case highlights the importance of fair presentation in marine insurance contracts, affecting liability determinations.
• Key evidence reveals that constructive total loss principles apply to claims, with a focus on accurate disclosures by the insured.
• Assessment involved a detailed examination of insurance underwriting standards and fair presentation obligations.
• Implications for marine insurance practices may require stricter compliance with disclosure norms to prevent disputes.