Constructive Total Loss - Law Dictionary Search Results
Constructive total loss
Matched in: Term Constructive total loss
constructive total loss
Matched in: Term constructive total loss
loss
Matched in: Term loss
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Abandonment
the insurance, as in the case of a total loss. The loss is in such case called a 'constructive total loss' (English) Marine Insurance Act, 1906 (6 Edw. 7, c. 41), s. 60; no abandonment is necessary where there
Average
from particular average in marine insurance policies.' As to salvage loss and generally, see tits. 'ADJUSTMENT,' 'INSURANCE' and 'CONSTRUCTIVE TOTAL LOSS,' and consult Arnould's Marine Insurance and Carver's Carriage by Sea. (3) Also a small duty paid to masters
Seminaufragium
also, where a ship has been so much damaged that her repair costs more than her worth. See CONSTRUCTIVE TOTAL LOSS.
Insurance
sacrificed for the common safety or which does not otherwise come under the heading of general average or total loss. Losses where the goods are saved, but in such a state as to be unfit to forward to … Policy' is set out in the schedule to the Act of 1906, which also gives Rules for its construction. Besides individual underwriters and companies, there are associations formed by ship-owners, who agree, each entering his ships for
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