MARINE INSURANCE ITS PRINCIPLES AND PRACTICE BY WILLIAM D. WINTER, LL. B. SPECIAL LECTURER ON MARINE INSURANCE, NEW YORK UNIVERSITY, MCGRAW-HILL BOOK COMPANY, INC. NEW YORK: 370 SEVENTH AVENUE COPYRIGHT, 1919, BY THE MCGRAW-HILL BOOK COMPANY, INC. PRINTED IN THE UNITED STATES OF AMERICA CLANS THE MAPLE PRESS YORK PA PREFACE The past four years have witnessed many changes in the commercial life of the United States, not the least of which has been the renaissance of the American Merchant Marine, and with it a marvellous growth in our overseas trade. Shipping, banking and insurance, the trinity of foreign trade, have taken a new lease of life, and American commercial activities are reaching into fields hitherto untouched by purely American enterprise. This naturally has caused a demand for knowledge concerning these three subjects. New York University, in the foreign trade courses offered in the Wall Street Division of its School of Commerce, Accounts and Finance, has met this demand. It has been my privilege during the past year to lecture before the University on the subject of Marine Insurance. The attendance at these lectures has indicated that a real need exists for nontechnical information in regard to this important, but little known, branch of insurance science. It therefore seemed fitting that the matter contained in the lectures should be rewritten and published in book form so that it might be available to students, and to shipping men, bankers, merchants and insurance men who require a general knowledge of marine insurance. It is the purpose of this treatise to present the subject in a thorough yet simple form, so that the principles and practice of this necessary element in our over-seas commerce may become more generally known. I wish to avail myself of this opportunity of expressing my gratitude to many who have taken a helpful interest in the preparation of this work, making special mention of Mr. Herbert F. Eggert and Professor A. Wellington Taylor, for their aid in the revision of the manuscript. NEW YORK CITY, WILLIAM D. WINTER. A |