Reports of Cases Relating to Maritime Law; New Series Volume 6

Reports of Cases Relating to Maritime Law; New Series Volume 6

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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. 1891 edition. Excerpt: ...her. The claim is preferred under the provisions of the Thames Conservancy Act 1857, sect. 86, by which the conservators are not only authorised, but required to raise wrecks, and to defray the charges and expenses thereof. The question is in what way these charges and expenses are to be estimated. It is clear that the commissioners may, if they thought fit, employ other persons to raise a wreck, and if they do so the charges and expenses they would have paid for raising the wreck or getting it out of the way would be recoverable against the owners, if the proceeds of the wreck were not sufficient to defray such expenses. But the conservators having the duty of ridding the river of obstruction by wrecks have not adopted the plan of employing other persons. They have provided themselves with very expensive and no doubt very efficient apparatus of various kinds for raising and getting rid of wrecks, and they by so doing have destroyed, as it were, the market, if there were a market, for such apparatus belonging' to other people. They say, and say rightly, that the interest paid on the capital invested in providing this apparatus is to be taken into account in estimating their expenses and charges in raising a particular vessel. They further rightly say that the cost of repairs to that apparatus must be taken into account; that a depreciation fund must be provided; and that the insurance of their apparatus against the risks likely to arise in doing their work must be provided for. As to the insurance fund, they have charged at the rate of oa. on the tonnage of the wrecks. The registrar has rejected that mode of computation, and I think rightly done so, for this reason: There is really no true relation between the tonnage of the wreck and more

Product details

  • Paperback | 702 pages
  • 189 x 246 x 36mm | 1,234g
  • United States
  • English
  • black & white illustrations
  • 123679558X
  • 9781236795588