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Marine interest
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Marine interestContracts. A compensation paid for the use and risk of money loaned on respondentia and bottomry; provided the money be loaned and put in risk, there is no limit as to the amount which may be lawfully charged by the lender.
RELATED TERMS--------------------------------------
Compensation
1) Contracts. A reward for services rendered. 2) Crim. law; Compeusatio crimiuura, or recrimination. 3) Remedies. The damages recovered for an injury, or the violation of a contract.
Risk
A danger, a peril to which a thing is exposed. The subject will be divided by considering, 1. Risks with regard to insurances. 2. Risks in the contracts of sale, barter.
Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.
Respondentia
Maritime law. A loan of money on maritime interest, on goods laden on board of a ship, which, in the course of the voyage must, from their nature, be sold or exchanged, upon this condition, that if the goods should be lost in the course of the voyage, by any of the perils enumerated in the contract, the lender shall lose his money; if not, that the borrower shall pay him the sum borrowed, with the interest agreed upon.
Bottomry
A primitive form of ship mortgage, whereby the master, while away from the ship's home port, by signing a "bottomry bond", borrowed money on the credit of the vessel to pay for goods or services needed to preserve the ship or complete the voyage. The creditor's security was extinguished, however, if the ship was lost or destroyed. Although a maritime lien still exists for bottomry in U.K. and British Commonwealth maritime law, modern means of communications have made bottomry virtually obsolete.
SIMILAR TERMS--------------------------------------
Marinarius
An ancient word which signified a mariner or seaman; in England marinarius capitaneus, was the admiral or warden of the ports.
Marine
Whatever concerns the navigation of the sea, and forms the naval power of a nation is called its marine.
Marine and shipping law unit
A research centre specializing in maritime law and the international law of the sea, operating at the T.C. Beirne School of Law, University of Queensland, Australia.
Marine contract
One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, re-pairing, supplying and navigating ships; contracts and quasi contracts respec- ting averages, contributions and jettisons, and policies of insurance.
Marine insurance
Contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time.
Marine insurance act
The Canadian federal statute on marine insurance, modelled on the United Kingdom's Marine Insurance Act, 1906..
Marine insurance industry
marine insurance may be divided into three categories: cargo; hull and machinery; and protection and indemnity
Marine league
A measure equal to the twentieth part of a degree.
Marine reinsurance
A contract whereby risks insured under a number of marine insurance contracts are redistributed among one or more reinsurers. Marine reinsurance contracts are often termed "reinsurance treaties".
Mariner
One whose occupation is to navigate vessels on the sea.
Maritagium
Anciently that portion which was given with a daughter in marriage.
Marital
That which belongs to marriage; as marital rights, marital duties.
Marital portion
In Louisiana, this name is given to that part of a deceased husband's estate, to which the widow is entitled.
Marital property
Property that is acquired by the spouses during the marriage. it typically does not include any property owned prior to marriage.
Marital settlement agreement
A written agreement entered into by the spouses getting divorced stating their rights and agreements pertaining to property, support and custody.
Maritime
That which belongs to or is connected with the sea.
Maritime cause
Maritime causes are those arising from maritime contracts, whether made at sea or on land, that is, such as relate to the commerce, business or navigation of the sea; as, charter parties, affreightments, marine loans, hypothecations, contracts for maritime service in building, repairing, supplying and navigating ships, contracts and quasi contracts respecting averages, contributions and jettisons; contracts relating to marine insurance, and those between owners of ships.
Maritime contract
One which relates to the navigation of the sea.
Maritime law
That system of law which relates to the affairs of the sea, such as seamen, ships, shipping, navigation, and the like.
Maritime lien
A secured claim against a ship (and sometimes against cargo or bunkers) in respect of services provided to the vessel or damages done by it. A maritime lien is a substantive right in the property of another, derived from the general maritime law (supra) and rooted in the civil law concept of a "privilège". It arises without notice, registration or other formalities, at the time the services are rendered or the damages are done. Unlike a common law possessory lien (infra), it does not depend for its existence on the possession of the res by the creditor. It travels with the ship, so as to encumber the title of subsequent owners or possessors and survives the conventional sale of the vessel. It remains inchoate from the moment it attaches, until it is enforced by an action in rem, when it relates back to the time it first attached. In the U.K. and British Commonwealth countries, it ranks after special legislative rights (infra), the costs of arrest and sale and custodia legis expenses (supra) and before ship mortgages (infra) and statutory rights in rem (infra).
Maritime loan
A contract or agreement by which one, who is the lender, lends to another, who is the borrower, a certain sum of money, upon condition that if the thing upon which the loan has been made, should be lost by any peril of the sea, or vis major, the lender shall not be repaid, unless what remains shall be equal to the sum borrowed; and if the thing arrive in safety, or in case it shall not have been injured, but by its own defects or the fault of the master or mariners, the borrower shall be bound to return the sum borrowed, together with a certain sum agreed upon as the price of the hazard incurred.
Maritime london
An organization promoting London as the world's premier maritime centre. Its website features news, information and links to various maritime organizations in the United Kingdom.
Maritime profit
Maritime law. The French writers use the term maritime profit to signify any profit derived from a maritime lean.
PREVIOUS AND NEXT TERMS--------------------------------------
Marine and shipping law unit
A research centre specializing in maritime law and the international law of the sea, operating at the T.C. Beirne School of Law, University of Queensland, Australia.
Marine contract
One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, re-pairing, supplying and navigating ships; contracts and quasi contracts respec- ting averages, contributions and jettisons, and policies of insurance.
Marine insurance
Contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time.
Marine insurance act
The Canadian federal statute on marine insurance, modelled on the United Kingdom's Marine Insurance Act, 1906..
Marine insurance industry
marine insurance may be divided into three categories: cargo; hull and machinery; and protection and indemnity
Marine interest
Marine league
A measure equal to the twentieth part of a degree.
Marine reinsurance
A contract whereby risks insured under a number of marine insurance contracts are redistributed among one or more reinsurers. Marine reinsurance contracts are often termed "reinsurance treaties".
Mariner
One whose occupation is to navigate vessels on the sea.
Maritagium
Anciently that portion which was given with a daughter in marriage.
Marital
That which belongs to marriage; as marital rights, marital duties.
RELATED TERMS--------------------------------------
Compensation
1) Contracts. A reward for services rendered. 2) Crim. law; Compeusatio crimiuura, or recrimination. 3) Remedies. The damages recovered for an injury, or the violation of a contract.
Risk
A danger, a peril to which a thing is exposed. The subject will be divided by considering, 1. Risks with regard to insurances. 2. Risks in the contracts of sale, barter.
Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.
Respondentia
Maritime law. A loan of money on maritime interest, on goods laden on board of a ship, which, in the course of the voyage must, from their nature, be sold or exchanged, upon this condition, that if the goods should be lost in the course of the voyage, by any of the perils enumerated in the contract, the lender shall lose his money; if not, that the borrower shall pay him the sum borrowed, with the interest agreed upon.
Bottomry
A primitive form of ship mortgage, whereby the master, while away from the ship's home port, by signing a "bottomry bond", borrowed money on the credit of the vessel to pay for goods or services needed to preserve the ship or complete the voyage. The creditor's security was extinguished, however, if the ship was lost or destroyed. Although a maritime lien still exists for bottomry in U.K. and British Commonwealth maritime law, modern means of communications have made bottomry virtually obsolete.
SIMILAR TERMS--------------------------------------
Marinarius
An ancient word which signified a mariner or seaman; in England marinarius capitaneus, was the admiral or warden of the ports.
Marine
Whatever concerns the navigation of the sea, and forms the naval power of a nation is called its marine.
Marine and shipping law unit
A research centre specializing in maritime law and the international law of the sea, operating at the T.C. Beirne School of Law, University of Queensland, Australia.
Marine contract
One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, re-pairing, supplying and navigating ships; contracts and quasi contracts respec- ting averages, contributions and jettisons, and policies of insurance.
Marine insurance
Contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time.
Marine insurance act
The Canadian federal statute on marine insurance, modelled on the United Kingdom's Marine Insurance Act, 1906..
Marine insurance industry
marine insurance may be divided into three categories: cargo; hull and machinery; and protection and indemnity
Marine league
A measure equal to the twentieth part of a degree.
Marine reinsurance
A contract whereby risks insured under a number of marine insurance contracts are redistributed among one or more reinsurers. Marine reinsurance contracts are often termed "reinsurance treaties".
Mariner
One whose occupation is to navigate vessels on the sea.
Maritagium
Anciently that portion which was given with a daughter in marriage.
Marital
That which belongs to marriage; as marital rights, marital duties.
Marital portion
In Louisiana, this name is given to that part of a deceased husband's estate, to which the widow is entitled.
Marital property
Property that is acquired by the spouses during the marriage. it typically does not include any property owned prior to marriage.
Marital settlement agreement
A written agreement entered into by the spouses getting divorced stating their rights and agreements pertaining to property, support and custody.
Maritime
That which belongs to or is connected with the sea.
Maritime cause
Maritime causes are those arising from maritime contracts, whether made at sea or on land, that is, such as relate to the commerce, business or navigation of the sea; as, charter parties, affreightments, marine loans, hypothecations, contracts for maritime service in building, repairing, supplying and navigating ships, contracts and quasi contracts respecting averages, contributions and jettisons; contracts relating to marine insurance, and those between owners of ships.
Maritime contract
One which relates to the navigation of the sea.
Maritime law
That system of law which relates to the affairs of the sea, such as seamen, ships, shipping, navigation, and the like.
Maritime lien
A secured claim against a ship (and sometimes against cargo or bunkers) in respect of services provided to the vessel or damages done by it. A maritime lien is a substantive right in the property of another, derived from the general maritime law (supra) and rooted in the civil law concept of a "privilège". It arises without notice, registration or other formalities, at the time the services are rendered or the damages are done. Unlike a common law possessory lien (infra), it does not depend for its existence on the possession of the res by the creditor. It travels with the ship, so as to encumber the title of subsequent owners or possessors and survives the conventional sale of the vessel. It remains inchoate from the moment it attaches, until it is enforced by an action in rem, when it relates back to the time it first attached. In the U.K. and British Commonwealth countries, it ranks after special legislative rights (infra), the costs of arrest and sale and custodia legis expenses (supra) and before ship mortgages (infra) and statutory rights in rem (infra).
Maritime loan
A contract or agreement by which one, who is the lender, lends to another, who is the borrower, a certain sum of money, upon condition that if the thing upon which the loan has been made, should be lost by any peril of the sea, or vis major, the lender shall not be repaid, unless what remains shall be equal to the sum borrowed; and if the thing arrive in safety, or in case it shall not have been injured, but by its own defects or the fault of the master or mariners, the borrower shall be bound to return the sum borrowed, together with a certain sum agreed upon as the price of the hazard incurred.
Maritime london
An organization promoting London as the world's premier maritime centre. Its website features news, information and links to various maritime organizations in the United Kingdom.
Maritime profit
Maritime law. The French writers use the term maritime profit to signify any profit derived from a maritime lean.
PREVIOUS AND NEXT TERMS--------------------------------------
Marine and shipping law unit
A research centre specializing in maritime law and the international law of the sea, operating at the T.C. Beirne School of Law, University of Queensland, Australia.
Marine contract
One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, re-pairing, supplying and navigating ships; contracts and quasi contracts respec- ting averages, contributions and jettisons, and policies of insurance.
Marine insurance
Contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time.
Marine insurance act
The Canadian federal statute on marine insurance, modelled on the United Kingdom's Marine Insurance Act, 1906..
Marine insurance industry
marine insurance may be divided into three categories: cargo; hull and machinery; and protection and indemnity
Marine interest
Marine league
A measure equal to the twentieth part of a degree.
Marine reinsurance
A contract whereby risks insured under a number of marine insurance contracts are redistributed among one or more reinsurers. Marine reinsurance contracts are often termed "reinsurance treaties".
Mariner
One whose occupation is to navigate vessels on the sea.
Maritagium
Anciently that portion which was given with a daughter in marriage.
Marital
That which belongs to marriage; as marital rights, marital duties.
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This dictionary contains 8526 terms.
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