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'''In the case of Masefield, the High Court decided that the hijacking by Somali pirates of a vessel, its crew and its cargo for ransom did not result in the cargo becoming an actual total loss in terms of s.57 (1) of the Marine Insurance Act 1906 nor a constructive total loss under s.60 (1) of the Act. The Court further held that the payment of a ransom to the pirates was not contrary to public policy - a question which had been the subject of much discussion within the London Market.'''
This note is based on a note of the case prepared by Christopher Dunn and Matthew Wilmshurst of the London firm of solicitors, Waltons & Morse LLP [http://www.waltonsandmorse.com] who acted for the defendant insurers. The note first appeared on the firm’s website on 19 February 2010.
'''Facts'''
