Marine Insurance: Its Principles and Practice

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MacDonald and Evans, 1918 - 253 páginas
 

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Página 197 - BE IT KNOWN THAT as well in own name as for and in the name and names of all and every other person or persons to whom the same doth, may, or shall appertain, in part or in all...
Página xiv - Exchange, or elsewhere in London. And so we, the assurers, are contented. and do hereby promise and bind ourselves, each one for his own part, our heirs, executors, and goods to the assured, their executors, administrators, and assigns, for the true performance of the premises, confessing ourselves paid the consideration due unto us for this assurance by the assured...
Página 86 - NB Corn, fish, salt, fruit, flour, and seed, are warranted free from average, unless general, or the ship be stranded ; sugar, tobacco, hemp, flax, hides, and skins, are warranted free from average, under five pounds per cent. And all other goods, also the ship and freight, are warranted free of average under three pounds per cent. unless general, or the ship be stranded.
Página 182 - Subject to any express provision in the policy, loss denned, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred.
Página 198 - Fire, Enemies, Pirates, Rovers, Thieves, Jettisons, Letters of Mart and Countermart, Surprisals, Takings at Sea, Arrests, Restraints and Detainments of all Kings, Princes, and People, of what Nation, -Condition or Quality soever, Barratry of the Master and Mariners, and of all other Perils, Losses, and Misfortunes that have or shall come to the Hurt, Detriment, or Damage of the said Goods and Merchandises and Ship, &c., or any Part thereof...
Página 199 - And it is agreed by us, the insurers, that this writing or policy of assurance shall be of as much force and effect as the surest writing or policy of assurance heretofore made in Lombardstreet, or in the Royal Exchange, or elsewhere in London.
Página 169 - Every circumstance is material which would influence the judgment of a prudent insurer in fixing the premium or determining whether he will take the risk.
Página 140 - And it is further agreed that if the ship hereby insured shall come into collision with any other ship or vessel and the assured shall in consequence thereof become liable to pay and shall pay by way of damages to any other person or persons any sum or sums in respect of such collision, the underwriters will pay the assured such proportion of three-fourths of such sum or sums so paid as their respective subscriptions hereto bear to the value of the ship hereby insured...
Página 234 - Damage done to a ship and cargo, or either of them, by or in consequence of a sacrifice made for the common safety, and by water which goes down a ship's hatches opened or other opening made for the purpose of making a jettison for the common safety, shall be made good as general average.
Página 36 - ... until the same be there discharged and safely landed. And it shall be lawful for the said ship, &c., in this voyage, to proceed and sail to and touch and stay at any ports or places whatsoever without prejudice to this insurance.

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