Memorandum clause
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In a policy of manne insurance the memorandum clause is a clause inserted to prevent the underwriters from being liable for injury to goods of a peculiarly perishable nature, and for minor damages. It begins as follows: "N. B. Com, fish, salt, fruit, flour, and seed are warranted free from average, unless general, or the ship be stranded,"—meaning that the underwriters are not to be liable for damage to these articles caused by seawater or the like.
Maude & P. Shipp. 371; Sweet.