A Practical Treatise On The Law Of Marine Insurance by Richard LowndesA Practical Treatise On The Law Of Marine Insurance by Richard Lowndes

A Practical Treatise On The Law Of Marine Insurance

byRichard Lowndes

Paperback | July 10, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1881 edition. Excerpt: ...abandoning, the assured must have a sufficient ground for doing so; that is, information, such as a prudent man would trust and act on were he uninsured, as to the extent of damage suffered by the ship, and the probable cost of repairing it. Till these two matters are known with some accuracy, it is impossible to determine prudently whether to repair or not. A delay for surveys and estimates, sometimes even for absolute tenders for repairs by a responsible shipwright, in which all unascertained damage shall be included, may in some cases be not only justifiable but necessary before abandoning, especially if the probable cost of repair comes very close to the value of the ship when repaired. But no delay for these purposes can be permitted, when the information already received, though imperfect, is such as would suffice to determine the conduct of a prudent owner if uninsured (j). (i) Gernonv. Roy. Exch. Ass. Co., 599; and Rankin v. Potter, L. E. 6 6 Taunt. 381, at 387; and see H. L. 83, at 120. Stringer v. English & Scottish Ins. (j) See Currie v. Bombay Native Co., L. R. 4 Q. B. 676, 5 Q. B. Ins. Co., L. K. 3 P. C. 79. When § 253.--The proper time to abandon is still harder to certain" " n, wnen account has to be taken of the chances concerning matters future and uncertain. In the case, for example, of a ship stranded or sunk, the question whether to go to expense in the attempt to float her may involve several uncertainties: it ma7 be doubtful whether the attempt will succeed, how much it will cost, how badly the ship is or will be damaged before she is got off, and whether, after all, she will be worth the two expenses of getting her off and repairing: besides which, the question what is to be done may be complicated by there being cargo...
Title:A Practical Treatise On The Law Of Marine InsuranceFormat:PaperbackDimensions:112 pages, 9.69 × 7.44 × 0.23 inPublished:July 10, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217341942

ISBN - 13:9780217341943