the practice of marine insurance:
marine insurance policy forms
1 the s.g. form of marine insurance policy
(as printed in the first schedule of the marine insurance act, 1906)
standard s.g.policy
be it known that (in the name of god, amen, which was the words used in 1779 standard s.g. policy)
as well in own name, as for and in the name and names of all and every other person or persons to whom the same doth may, or shall appertain, in part or in all, doth make assurance, and cause and them , and every of them, to be insured, lost or not lost , at and from
upon any kinds of goods and merchandise and also the body, tackle. apparel, ordance, munition, artillery, boat and other furniture, of and in the good ship or vessel called the
whereof is master under god, for this present voyage,
or whosoever else shall go for master in the said ship, or by whatsoever other name or names the same ship, or the master thereof, is or shall be named or called; beginning the adventure upon the said goods and merchandise from the loading thereof
aboard the said ship,
upon the said ship etc., and
shall so continue and endure during her abode there, upon the said ship, etc.; and further, until the said ship. with all her ordnance, tackle, apparel, etc, and goods and merchandises whatsoever, shall be arrived at
upon the said ship, etc, until she hath moored at anchor twenty ╟four hours in good safety; and upon the goods and merchandises until the same be there discharged and safely landed; and it shall be lawful for the said ship, etc., in this voyage to proceed and sail to and touch and stay at any ports or places whatsoever
without prejudice to the insurance. the said ship. etc., goods and merchandises, etc., for so much as concerns the assured by agreement between the assured and assurers in this policy, are and shall be valued at
touching the adventures and perils which we the assurers are contented to bear and do take upon us in this voyage, they are, of the seas, men-of ╟war, fire, enemies, pirates, rovers. thieves, jettisions, letters of mart and countermart, surprisals, takings at sea, arrrest, restraints and detainments of all kings, princes and people, of what nation, condition or quality soever, barratry of the master and mariners, and of all other perils, losses and misfortunes that have or shall come to the hurt, detriment or damage of the said goods and merchandise and ship, etc., or any part thereof; and in case of any loss or misfortune. it shall be lawful to the assured, their factors. servants, and assigns, to sue , labour, and travel for, in and about the defence, safeguard and recovery of the said goods and merchandises and ship, etc., or any part thereof. without prejudice to this insurance; to the charges whereof we, the assurers, will contribute, each one according to the rate and quantity of his sum herein assured. and it is especially declared and agreed that no acts of the insurer or insured in recovering saving, or preserving the property insured, shall be considered as a waiver or acceptance of abandonment. and it is agreed by us, the insurers, that this writing or policy of assurance heretofore made in lombard street, or in the royal exchange, or elsewhere in london.
