AFFECTING MARINE INSURANCE BY LAWRENCE DUCKWORTH (OF THE MIDDLE TEMPLE, BARRISTER-AT-LAW) SECOND EDITION REVISED AND ENLARGED STANFORD LIBRARY LONDON EFFINGHAM WILSON 54 THREADNEEDLE STREET [All Rights Reserved] This volume has been revised and brought up to date. The Marine Insurance Act, 1906, will be found set out verbatim in Appendix II. Mention has also been made of the Finance Act, 1901, and the Revenue Act, 1903 in reference to policies of marine insurance. The latest and more important decisions which have come before the House of Lords since the last publication of the book are given in the last chapter a new one. The question in the case of the Steamship Balmoral Co. v. Marten [1902], A.C., 511 dealt with on p. 113 is important in its bearing on a rule of practice which has prevailed among underwriters and average staters for a considerable period. That case settles the point that underwriters are liable only for that proportion of salvage and general average losses which the policy value bears to the proved value. I hope the index may satisfy the most exacting. LAWRENCE DUCKWORTH. MIDDLE TEMPLE, LONDON, September, 1907. GLOSSARY OF THE PRINCIPAL TERMS USED BY UNDERWRITERS IN REFERENCE TO MARINE INSURANCE. A.P. C.C. C.F.I. C.T.L. D.C. G.A. F.C.S. F.A.A. F.G.A. F.P.A. H.C. R.D.C. P.P.I. T.L.O. R.I. S.L. - O.P. Additional Premium. Continuation Clause. Cost, Freight and Insurance. Constructive Total Loss. General Average. Free of Capture and Seizure. Running Down Clause. Re-Insurance. Salvage Loss. York Antwerp Rules. Open Policy. No Thirds. CONTENTS. Marine Insurance the most ancient form of Insurance-Time uncertain as to when it was first practised—At present day large number of Marine Insurances effected by Underwriters-The Losses which a Shipowner or Merchant is not protected against in United Kingdom-Terms used in relation to the Contract-Distinction The Established Rule of Law in reference to a written Contract-Case of Ionides v. Universal Insurance Co.-The Object of a Marine Policy of Insurance-Assured's Interest need not be set out on face of Policy Insurable Interest which Consignee may include in Policy-Where word "Ship," "Freight" or "Goods" is written in margin of Policy-Risk on a Vessel under a Policy-Lord Bacon on the Impossibility of the Law to consider the Causes of Causes-Case of Paterson v. Harris (the cable case) page 14 No change of Property in Case of Capture before condemnation according to English law-Judgment of Lord Mansfield in |