Encyclopaedia of Marine Insurance Its Principles and Practices

 
9788178847177: Encyclopaedia of Marine Insurance Its Principles and Practices
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Dheeraj Razdan
Editore: Cyber Tech Publications (2011)
ISBN 10: 8178847175 ISBN 13: 9788178847177
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Vikram Jain Books
(New Delhi, India)
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Descrizione libro Cyber Tech Publications, 2011. Hardcover. Condizione: New. The form of Marine insurance, known as "Bottomry", differs from the contemporary one, in that while Bottomrv loans are compensations Advanced before the actual Loss of a ship, modern Policies of Insurance are promises to pay compensation after the loss has occurred. Although "Bottomry" is said to have formed the commencement of marine insurance at the revival of Commerce in the Middle Age, it was. nevertheless, not long before it grew out and developed into the modern system of insurance. Indeed, insurance-as a term-occurs for the first time in an old historical work called "Chronyk van Vlaendern", which refers distinctly to the existence of marine insurance as early as the Beginning of the 14th century at Bruges, where it is believed that the first "Chamber of Insurance" existed. Printed Pages: 256. Codice articolo 55345BV

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