JUDGMENT :

Aniruddha Bose, J.

Leave granted.

2. The repudiation of a claim in respect of a “Marine Cargo-Open Policy” gives rise to this appeal and the appellants are the claimants before us. The policy, initially covered a sum of rupees two hundred crores. Under the heading “Risk Details”, against Sl.No.1 of the policy document, next to the column “Voyage”, it was indicated “from anywhere in India to anywhere in India”. Period of Insurance was from 29th October 2009 to Midnight on 28th October 2010. There was subsequent addition of terms and raising of insurance coverage as well. Fresh endorsement schedules were issued incorporating the changes. These endorsement schedules, however, carried the expression “Attached to and forming part of policy No.12012/21/2010/876” (that being the original policy number). The endorsement schedule dated 25th November 2009 described the policy as “On the Sales Turnover basis”. This endorsement became effective from 14:50 hrs on 25th November 2009. The next endorsement was made on 8th April 2010, also attached to the original policy, by which sum i