Ship Money - Law Dictionary Search Results
Home Dictionary Name: ship moneyShip-money
Ship-money, an imposition formerly levied on port-towns and other places for fitting out ships for the defence of the realm. It had become obsolete, but was revived by Charles I., who attempted to levy it in the county of Bucks. John Hampden, a gentleman of the county, was accordingly assessed at 20s., which he declined to pay, and proceedings were taken against him in the Exchequer. Judgment was given for the Crown, 'which gave such offence to the nation and occasioned great heart-burnings' in Parliament. Resolutions were at once passed condemning the judgment, and it was reversed and the whole abuse abolished by 16 Car. 1, c. 14. See Case of Ship Money, (1737) 3 St. Tr. 825; Broom's Const. Law, p. 306....
Mercantile Marine Fund
Mercantile Marine Fund, a fund consisting, under ss. 676-679 of the (English) Merchant Shipping Act, 1894, of the fees paid on survey and measurement of ships, money arising from unclaimed property of deceased seamen, fees received by receivers of wreck, light dues, etc., etc., and applicable to the payment of salaries of mercantile marine officers, etc., under the Act. The 'General Lighthouse Fund' is substituted for the Mercantile Marine Fund by the (English) Merchant Shipping (Mercantile Marine Fund) Act, 1898 (61 & 62 Vict. c. 44)....
Bottomry Bond, or Contract, also Bottomree, or Bummaree
Bottomry Bond, or Contract, also Bottomree, or Bummaree, a species of mortgage or hypothecation of a ship, by which her keel or bottom is pledged (partum pro toto) as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she returns safely, he recovers his principal, together with the interest agreed upon. Such bonds are allowed as valid in all trading nations, for the benefit of commerce, and as a pretium periculi for the extraordinary hazard run. See Abbott on Shipping, and RESPONDENTIA....
Frettum, frectum
Frettum, frectum, the freight of a ship; freight-money, Cowel....
Movables
Movables, goods, furniture, personalty.--means any movable tangible property, other than the ship, and includes money, valuable securities and other documents. [Marine Insurance Act, 1963 (11 of 1963), s. 2(f)]...
Bottomry
A contract in the nature of a mortgage by which the owner of a ship or the master as his agent hypothecates and binds the ship and sometimes the accruing freight as security for the repayment of money advanced or lent for the use of the ship if she terminates her voyage successfully If the ship is lost by perils of the sea the lender loses the money but if the ship arrives safe he is to receive the money lent with the interest or premium stipulated although it may and usually does exceed the legal rate of interest See Hypothecation...
Emigrant runner
Emigrant runner, any person, other than a licensed passage broker (see that title) or his clerk, who in any port or within five miles of it, for reward, solicits any intending emigrant on behalf of broker or owner or master of a ship, or any lodging-house keeper, or money changer, or other dealer for any purpose connected with the preparations or arrangements for a passage [(English) Merchant Shipping Act, 1894, s. 347]. Like a passage broker, the emigrant runner requires a license in a county borough of the borough council and in a county district [see (English) Local Government Act, 1894, s. 27 (d)] of the district council....
Naulage
Naulage [fr. naulum, Lat.], the freight of passengers in a ship, Johns.; Webster.Naulage, means 'passage money'. The fore a for passengers or goods traveling by ship, Black's Law Dictionary, 7th Edn., p. 1050....
Charter-party
Charter-party [fr. Charta partita, Lat., a divided charter; charte partie, Fr.]. When notaries were less common there was only one instrument made for both parties; this they cut in two, and give each his portion; an agreement in writing by which a ship owners agrees to let an entire ship, or part thereof, to a merchant, for the carriage of goods on a specified voyage, or during a specified period, for a sum of money which the merchant agrees to pay as freight for their carriage. By such an agreement the ship is said to be chartered to the merchant, who is called the charter. There are certain terms usually to be found in all charter-parties, e.g., a statement of the burthen of the ship, an undertaking by the ship-owner that the ship, being seaworthy and furnished with necessaries, shall be ready by a certain day to receive the cargo, shall sail when loaded, and deliver her cargo at her port of destination (the act of God or the King's enemies excepted), the charterer undertaking to lo...
Ship's agent
Ship's agent. The Naval Agency and Distribution Act, 1864, provides for the appointment of an agent by the commanding officer of each of His Majesty's ships to act for the ship with respect to salvage, bounty, prize, etc. (ss. 4-12). The ship's agent receives 2' per cent. of any such money distributed among the officers and crew. He may not be a solicitor, proctor, attorney, or employed by the Crown, and is subject to the jurisdiction and authority of the High Court of Admiralty. See also (English) Naval Prize Act, 1918 (8 & 9 Geo. 5, c. 30)....
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial