American National Fire Insurance Co. v. Mirasco, Inc.
United States District Court for the Southern District of New York
249 F. Supp. 2d 303 (2003)
On December 31, 1998, the M/V Spero set sail from Texas for Egypt, carrying containers of beef livers. Mirasco, Inc. (Mirasco) (plaintiff) had an insurable interest in the livers. The livers were purchased from I.B.P. Corporation (IBP). The shipment was insured by a marine-cargo insurance policy underwritten by America National Fire Insurance (National Fire) (defendant). On January 3, 1999, Egypt issued Decree #6, which banned the import of IBP’s goods into Egypt. The M/V Spero arrived in Egypt on January 23, 1999. Egypt refused to allow the import of the livers, despite the fact that the ship had set sail before the issuance of Decree #6. The livers were returned and sold in the United States at a significantly lesser price than if delivered to Egypt. National Fire denied Mirasco’s claim for losses under the insurance policy. Mirasco brought suit in the United States District Court for the Southern District of New York for payment under the policy. Both parties filed motions for summary judgment.
Rule of Law
Holding and Reasoning (Sweet, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 174,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.