Webexecutes a bottomry and respondentia bond hypothecating the transferred cargo of the ship “Jane” and the ship ... Even if a contract is not integrated, words when explicit ordinarily have a higher probative value than accompanying Illustrations of Clause (d): 8. A, who has an established business, forms a corporation, “A Company,” and ... A bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself to the creditor, if the money with interest is not paid at the time appointed at the ship's safe return. This occurs, for example, where the ship needs urgent repairs during the course of its voyage or some other emergency arises and it is not possible for the master to contact the owner to arran…
The origin and early history of insurance - Open Library
WebLoan on bottomry is a contract in the nature of a mortgage, by which the owner of the ship borrows money for the use, equipment and repair of the vessel and for a definite term, and pledges the ship as a security for its repayment, with maritime or extraordinary interest on account of the maritime risks to be borne by the lender, it being ... WebDec 19, 2024 · So-called bottomry contracts were known to merchants of Babylon as early as 4000–3000 BCE. Bottomry was also practiced by the Hindus in 600 BCE and was well understood in ancient Greece as... food prices on the rise
Bottomry 释义 柯林斯英语词典 - Collins Dictionary
WebOct 27, 2024 · The origin and early history of insurance including the contract of bottomry by Charles Farley Trenerry 0 Ratings 1 Want to read 0 Currently reading 0 Have read Overview View 2 Editions Details Reviews Lists Related Books Publish Date 2008 Publisher Lawbook Exchange, Ltd. Language English This edition doesn't have a … WebDefine bottomry. bottomry synonyms, bottomry pronunciation, bottomry translation, English dictionary definition of bottomry. n , pl -ries maritime law a contract whereby … WebBottomage respondentia a contract in the maritime law, recognized by many nations, concluded in a foreign port for prepayment of advances made to supply a ship with necessaries secured over the cargo and recorded in a bond of respondentia. See also BOTTOMRY, HYPOTHEC. Collins Dictionary of Law © W.J. Stewart, 2006 … food prices near me