MARINE INSURANCE ACT 1909 - SECT 76 Partial loss of freight
MARINE INSURANCE ACT 1909 - SECT 76
Partial loss of freight Subject to any express provision in the policy, where there is a
partial loss of freight, the measure of indemnity is such proportion of the
sum fixed by the policy in the case of a valued policy, or of the insurable
value in the case of an unvalued policy, as the proportion of freight lost by
the assured bears to the whole freight at the risk of the assured under the
policy.