Interest of assured must exist at date of policy. must appear upon the face of the policy different classes of insurable interests . Jettison, see "Perils" and "General average" Liberty to touch and stay Lloyd's, the great insurance market PAGE 16 25 17-19 Log books, particulars of collisions and losses should be entered Losses, see "Claims in respect of" adjustment Master must not abandon until all chance of saving ship or if he does he will be guilty of a tortuous conversion must enter particulars of collisions and losses in log should protest in case of loss or accident should cause proper surveys should detain cargo until contribution to general average in respect of paid or security given duties of generally, in cases of loss. Missing ship when considered a total loss Memorandum to policy 36-53 14-17 but cannot at law recover more than his interest Name of insured or his agent must appear on the policy 24 of ship and master, when Open policy, what difference betweeen “open” and “valued" policy. Particular average losses, included in must be borne by parties on whom they fall 20 41 42 Perils insured against-see "risks warranted" must be all enumerated in the policy to make under- of the sea, meaning of all other perils, &c., meaning of PAGE 27 28 Re-insurance, when allowed Respondentia bonds, money lent on, may be insured commencement and termination of, should be clearly defined in the policy 25 Running-down clause 30-42 Salvage services, money paid for general average loss Seaworthiness, implied warranty of meaning of term (note) Ship, policy on, does not cover cargo Special warranties. must give notice if they decline to accept 36 Valued policy what is. difference between "open" and "valued" policies must be proved if only partial loss Voyage policy, meaning of . contemplated deviation should be provided for in 26-29 voyage insured how it must be pursued Vocabulary Wagering policies illegal 25 26 55 16-17 29 Warranties, what implied in every policy deviation seaworthiness special, always matter of agreement. should be expressed in the clearest language always strictly construed must be written on the policy. THE END. 28 |