Category: Maritime law
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Cargo
Summary of Cargo Merchandise in the process of being transported; not to be confused with freight, which, in maritime usage, is the sum earned by a carrier for transporting goods. General cargo consists of various commodities comprising the property of many shippers or consignees; special […]
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Active-operations Duty
Description of Active-operations Duty In this reference work, active-operations duty is a sort of the Maritime law category. Resources See Also Turnover Duty; Intervention Duty Shipping Maritime law
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Constructive Total Loss
Summary of Constructive Total Loss In marine insurance, a loss where cost of repair or recovery would exceed the value of the property were it to be saved or repaired. In British usage, an insured cannot claim a constructive total loss unless the costs of rehabilitation exceed 100 percent […]
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Extraordinary Average
Description of Extraordinary Average In this reference work, extraordinary average is a sort of the Maritime law category. Resources See Also Maritime law
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Extraordinary Average
Description of Extraordinary Average In this reference work, extraordinary average is a sort of the Maritime law category. Resources See Also Maritime law
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Particular Average
Summary of Particular Average A partial loss of the value of cargo shipped by sea attributable to a marine peril. See free of particular average.(Main Author: William J. Miller) Particular Average in International Trade Meaning of Particular Average, according to the Dictionary […]
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Particular Average
Summary of Particular Average A partial loss of the value of cargo shipped by sea attributable to a marine peril. See free of particular average.(Main Author: William J. Miller) Particular Average in International Trade Meaning of Particular Average, according to the Dictionary […]
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Maritime Law History
Introduction to Maritime Law HistoryThe origins of maritime law go back to antiquity. Because no country has jurisdiction over the seas, it has been necessary for nations to reach agreements regarding ways of dealing with ships, crews, and cargoes when disputes arise. The earliest agreement…
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Accomenda
Description of Accomenda In this reference work, accomenda is a sort of the Legal History, Maritime law category. Resources See Also Mandate Legal History Maritime law
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Warranty
In marine insurance contracts, either an exemption from or limitation to the policy, or a promissory warranty whereby the insured agrees to do, or not to do, some particular act. Failure to adhere strictly to a promissory warranty may invalidate a contract of insurance, whether or not the […]
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Special Cargo Policy
A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (<a […]
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Franchise
A provision in a marine cargo policy that partial losses will be adjusted if the loss exceeds a certain percentage of the total value of the shipment. A clause providing "with average if amounting to 3 percent," for example, would oblige the underwriter to settle a partial-loss claim […]
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Franchise
A provision in a marine cargo policy that partial losses will be adjusted if the loss exceeds a certain percentage of the total value of the shipment. A clause providing "with average if amounting to 3 percent," for example, would oblige the underwriter to settle a partial-loss claim […]
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Open Policy
Marine insurance policy issued to cover various unspecified voyages over the life of the policy. An open policy is issued to a firm engaged in extensive shipping transactions, the details of which are probably unknown at the time the policy is issued; usually, the policyholder declares his […]
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Inducement
In maritime shipping, the tender by a shipper to a carrier of a sufficient amount of cargo so as to warrant a vessel calling at a port not ordinarily scheduled during the voyage….