The Law Relating to Losses Under a Policy of Marine Insurance

The Law Relating to Losses Under a Policy of Marine Insurance

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...made on the security of the freight (a). If the ship is sent abroad to fetch a cargo home, and it is stipulated in the charter-party that the owner shall receive a certain sum in case certain events should prevent the home cargo from being shipped, the charterer may legally insure against the loss of such sum in consequence of the occurrence of the events which prevent the shipping of the home cargo What has been already said about loss of freight when insured by the shipowner will apply rnutatis rnutandis to freight insured by the shipper. CHAPTER XIII. VVHEN ASSURED MAY RECOVER AS FOR A TOTAL LOSS OF FREIGHT. 174. We have seen in the preceding chapter what are the effects produced upon ship or cargo which will constitute a total loss of freight under a freight policy (a). It remains to show how the rules as to abandonment and notice of abandonment apply in the case of a policy on freight. 175. If the assured recovers a total loss from the underwriter, and subsequently earns any freight under the contract of afireightment under which the freight insured was to be earned, the underwriters are entitled to the freight so earned. Where there was an insurance on the freight of the ship Neptune "at and from her port or ports of loading in Jamaica, to her port or ports of discharge in the United Abandonment necessary. Kingdom, with leave to call at all, any, or every one of the British and Foreign West India Islands," "with leave to discharge, exchange, and take on board goods at any ports or places she may call at: " The Nqatune sailed from Jamaica with a general cargo of sugar, and got on shore ofi the island of Cuba: The greater part of the cargo being sugar, was washed away and lost. Fresh cargo in more

Product details

  • Paperback | 84 pages
  • 189 x 246 x 4mm | 168g
  • United States
  • English
  • black & white illustrations
  • 1236927648
  • 9781236927644