Underwriter's liability for freight
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 11 U.S. 358 - Caze and Richaud v. The Baltimore Insurance Company · 1813Most cited · 20 citing opinions
As between the insured and the underwriter on the cargo of a ship, the latter is in no case responsible for the payment of freight, whether there be an abandonment or not. It is a charge on the cargo against which he does not undertake to indemnify the owner.