The Marine Insurance Act, 1906 |
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Common terms and phrases
57 Vict adventure affirmed affreightment Anglo-Californian Bank Arnould Assn assured average loss barratry bill of lading Blackburn Bolivia bottomry British broker capture cargo Carriage by Sea Carver's Carriage charter-party Code constructive total loss covered damage deducted effected entitled fire Illustrations incurred insurable interest insurable value Janson jettison labour clause Laws of England Lloyd's policy Lord Lord Esher Lord Herschell marine insurance Marine Insurance Act marine policy Marten master McArthur measure of indemnity ment moveables NOTE notice of abandonment owner partial loss particular average payable peril insured piracy policy of sea Policy on ship port premium provisions re-insurance recover repairs risk Royal Exchange rule sails salvage charges Sched sea insurance seaworthy SECT shipowner Stamp Act stamped Steamship stranded subject-matter insured subrogation sum insured term Thames and Mersey tion transhipment underwriters usage valued policy voyage policy warranted free
Popular passages
Page 165 - 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 Lombard Street, or in the Royal Exchange, or elsewhere in London.
Page 190 - ... shall be liable, on summary conviction, to imprisonment, with or without hard labour, for a term not exceeding six months or to a fine not exceeding one hundred pounds, jand in either case to forfeit to the Crown any money he may receive under the contract.
Page 205 - Ship's materials and stores, or any of them, necessarily burnt for fuel for the common safety at a time of peril, shall be admitted as general average, when and only when an ample supply of fuel had been provided...
Page 57 - A warranty, as above defined, is a condition which must be exactly complied with, whether it be material to the risk or not. If it be not so complied with, then, subject to any express provision in the policy, the insurer is discharged from liability as from the date of the breach of warranty, but without prejudice to any liability incurred by him before that date.
Page 165 - 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 from average, under three pounds per cent, unless general, or the ship be stranded.
Page 163 - 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...
Page 97 - Subject to any express provision in the policy, 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.
Page 163 - Upon any kind of goods and merchandises, and also upon the body, tackle, apparel, ordnance, munition, artillery, boat, and other furniture, of and in the good ship or vessel...
Page 125 - Where there is a loss recoverable under the policy, the insurer, or each insurer if there be more than one, is liable for such proportion of the measure of indemnity as the amount of his subscription bears to the value fixed by the policy in the case of a valued policy, or to the insurable value in the case of an unvalued policy.
Page 30 - ... (a) Every material circumstance which is known to himself, and an agent to insure is deemed to know every circumstance which in the ordinary course of business ought to be known by...