Respondentia - Definition - Law Dictionary Home Dictionary Definition respondentia

Definition :

Respondentia, money which is borrowed not upon the vessel, as in bottomry, but upon the goods and merchandise contained in it, in cases of extreme urgency, as a last resort and where communication with the owners is impossible in the circumstances. The shipowner must indemnify the owner of the cargo thus hypothecated.

(to answer). A loan secured by cargo on one's ship rather than the ship itself, Black's Law Dictionary, 7th Edn., p. 1313.