ON

MARITIME LAW.

INCLUDING

4155

THE LAW OF SHIPPING; THE LAW OF MARINE INSURANCE;

AND THE LAW AND PRACTICE OF ADMIRALTY.

BY

THEOPHILUS PARSONS, LL.D.,
DANE PROFESSOR OF LAW IN HARVARD UNIVERSITY; AND AUTHOR OF TREATISES
ON THE LAW OF CONTRACTS; THE ELEMENTS OF MERCANTILE LAW;

AND THE LAWS OF BUSINESS FOR BUSINESS MEN.

Entered according to Act of Congress, in the year 1859, by

THEO PHILUS PARSONS, In the Clerk's Office of the District Court of the District of Massachusetts.

SECTION I.

PAGE

In what manner and by whom the contract of insurance may be made 3

A. Of the parties to the contract . . . . . . . . . . . 4

B. Of the form of the contract ..... ...... 19

SECTION II.

Of the form, and essentials of a policy of insurance ...... 27

SECTION III.

Of the assignment and negotiability of policies of insurance ... 39

SECTION IV.

Of the construction of policies of insurance ......... 48

A. Of the general rules of construction ........ 48

B. Of usage . ... . . . . . . . . . . . . . . 56

CHAPTER II.

OF THE INTEREST OF THE INSURED.

SECTION I.

Of the necessity of some interest ............ 62

SECTION II.

Of open policies and valued policies ........... 62

SECTION III.

What kind of interest may be insured . .......... 74

SECTION IV.

Of prior insurance, double insurance, and reinsurance ..... 96

CHAPTER III.

OF WARRANTIES.

SECTION I.

Of express warranties . . . . . . . . . . . . . . . 104

A. Of the warranty of ownership .......... 108

B. Of the warranty of neutrality . . . . . . . . . . 109

C. Of the warranty of convoy . . . . . . . . . . . 122

D. Of the warranty of the time of sailing ...

E. Of particular warranties and stipulations ...... 129

124

SECTION II.

Of concealment. .::.............

156

SECTION III.

What things should be communicated ..........

165

SECTION IV.

Of the construction of a representation and a compliance with it

179

CHAPTER V.

OF THE PREMIUM.

SECTION I.

What the premium is, and who is liable therefor. ..... 182

SECTION II.

Of the return of the premium . ............ 185

CHAPTER VI.

OF THE DESCRIPTION OF THE PROPERTY INSURED.

197

CHAPTER VII.

OF THE RISKS WHICH ARE COVERED BY THE POLICY.

SECTION I.

Of the general responsibility of insurers.......

210

SECTION II.

Of losses arising from a prohibited or contraband trade

SECTION III.

Of the meaning and extent of perils of the sea ....... 219

A. Of perils generally . . . . . . . . . . . . . 219

B. When and how far collision is a peril of the sea · · · · 224

C. For what effects of collision insurers are answerable . · 225