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A Digest of the Law Relating to Marine Insurance

A Digest of the Law Relating to Marine Insurance


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 Excerpt: ... loss no notice of abandonment need be given.3 Illustrations. 1. Hides are insured from Valparaiso to Bordeaux. In consequence of sea damage they arrive at Rio in a state of incipient putridity, and are sold there. Their state is such that they would be wholly putrid if carried on to Bordeaux. This is an actual total loss.4 2. Insurance on goods in barges, as interest may appear. A cargo of rice valued at 450 is declared. The barge is sunk, and the rice.remains under water for two tides. The rice is so damaged that the consignee refuses to accept it. Afterwards it is kiln-dried at a cost of 60, and then sold for 110. The rice still remains in specie, so this is only a partial loss.5 3. A ship is deserted in a sinking condition. She is towed into port by salvors and sold, by order of the Court, for less than the salvage costs. This is an actual total loss.6 Sect. 58. 4. Insurance on "profit on charter" warranted free from all average. The assured, having chartered a ship for a lump sum, puts her up as a general ship. The bill of lading freight exceeds the chartered freight, but in consequence of sea damage to cargo only a portion of it becomes payable, and the portion payable is less than the charter freight which assured has to pay. This is a total loss of profit on charter.1 Note.--Where by a peril insured against the goods of different owners are damaged and become so inextricably mixed as to be incapable of identification (e.g. marks obliterated), the loss is partial, not total.2 See further, the note to 61. 59. Where the ship concerned in the adventure is missing, and after the lapse of a reasonable time no news of her have been received, an actual total loss may be presumed.3 Note.--Under the Continental Codes, ...


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Product Details
  • ISBN-13: 9781130252347
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 62
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1130252345
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 127 gr


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