5"The subrogated insurer can have no better rights than the insured into whose shoes it steps. Once the insurer' s chose in action is extinguished, the subrogated insurer can no longer recover. "Catriona Simpson'Cargo Insurer's Choice between Subrogation, Equitable Assignment and Legal Assignment in Proceedings in Hong Koog', Lloyd's Maritime and Commercial law Quarterly, Part 1(February, 1997). P. 134.
