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Arrangement in which the master of a ship borrows money using the ship as collateral
A bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself
Bottomry
Topics referred to by the same term
portion of the body, particularly the legs. Bott Bottoming (disambiguation) Bottomry All pages with titles beginning with Bottom All pages with titles containing
Bottom
Commander of a ship or other sea-going vessel
Transport portal The captain goes down with the ship – Maritime tradition Bottomry – Arrangement in which the master of a ship borrows money using the ship
Sea_captain
Protection from financial loss
character have ever since been common in maritime lands under the name of bottomry and respondentia bonds. The direct insurance of sea-risks for a premium
Insurance
Chilean bank
subsidiaries offer securitization, securities brokerage, mutual investment and bottomry, insurance and factoring, among others. Outside Chile, the bank has had
Banco_de_Chile
Act of the Parliament of Great Britain
for Assurance of Ships and Merchandizes at Sea, and for lending Money on Bottomry; and for restraining several extravagant and unwarrantable Practices therein
Bubble_Act
Security on property or debt
usually asserted against any compensation benefits paid to a patient. Bottomry Detinue Distraint False lien Mechanic's lien Mortgage Pawnbroker Replevin
Lien
Form of mutual maritime insurance
The Origin and Early History of Insurance: Including the Contract of Bottomry. The Lawbook Exchange, Ltd. ISBN 978-1-58477-932-2. {{cite book}}: ISBN
Protection and indemnity insurance
Protection_and_indemnity_insurance
always underwater. 2. A ship, most often a cargo ship. 3. A cargo hold. bottomry Pledging a ship as security in a financial transaction. bow 1. The front
Glossary of nautical terms (A–L)
Glossary_of_nautical_terms_(A–L)
German dealer
in the Americas, and an expert on ship insurance, general average and bottomry who gained a great reputation in commercial matters. Nicolaus was born
Nicholas_Magens
Legal right between a debtor and creditor over the debtor's property (collateral)
other evidence of title. Hypothecation is usually seen in relation to bottomry (cf. bills of lading), whereby the bill of lading is endorsed by the secured
Security_interest
Act of the Parliament of the United Kingdom
or Partnerships, from effecting Marine Assurances, and lending Money on Bottomry. The whole act. 5 Geo. 4. c. 115 Appropriation Act 1824 An Act for applying
Statute_Law_Revision_Act_1873
Legal claim against a ship
seamen's wages, damage done by a ship due to wrongful act of manoeuvre, bottomry (although this no longer is used) and masters remunerations and disbursements
Maritime_lien
Legal right over a debtor's property in civil law systems
civil law system, which distinguishes between conventional hypothecs, as bottomry and respondentia, and tacit hypothecs established by law. Of the latter
Hypothec
Ancient Roman law
already become a dead letter by the time of the elder Cato who lent money on bottomry (a system of merchant insurance in which a ship is used as security against
Lex_Claudia_de_nave_senatoris
English legal and political writer
a Premature Peace, 1800. A Compendium of the Law of Marine Insurance, Bottomry, Insurance on Lives, and of Insurance against Fire, in which the mode of
Alexander_Annesley
or Partnerships, from effecting Marine Assurances, and lending Money on Bottomry. (Repealed by Statute Law Revision Act 1873 (36 & 37 Vict. c. 91)) Appropriation
List of acts of the Parliament of the United Kingdom from 1824
List_of_acts_of_the_Parliament_of_the_United_Kingdom_from_1824
for Assurance of Ships and Merchandizes at Sea, and for lending Money on Bottomry; and for restraining several extravagant and unwarrantable Practices therein
List of acts of the Parliament of Great Britain from 1719
List_of_acts_of_the_Parliament_of_Great_Britain_from_1719
Austrian trading companies
suffered chronic lack of cash and had to resort to short term loans and bottomry bonds (for which the ships themselves were the collateral) at a premium
Austrian_East_India_Company
British merchant ship 1811-1834
October, Captain Herring, the substitute master, gave the shipwright a bottomry bond for £2330 13s for the repairs. She then reclaimed her cargo and completed
Kennersley_Castle_(1811_ship)
British ship merchant and slave ship (1785–1795)
(1842). A System of the Law of Marine Insurances: With Three Chapters on Bottomry; on Insurances on Lives; and on Insurances Against Fire. Vol. 1. Saunders
Cadiz_Dispatch_(1785_ship)
trap – Book account – Book value – Bootleg recording – Border control – Bottomry – Boycott – Breach of contract – Breach of promise – Breach of the peace –
Index_of_law_articles
damages and had to put back for repairs. Whitford had to enter into several bottomry bonds to finance the repairs. When he eventually could not repay them the
Exeter_(1793_ship)
British merchant and author active in India (1738–1808)
suffered chronic lack of cash and had to resort to short-term loans and bottomry bonds (for which the ships themselves were the collateral) at a premium
William_Bolts
ancient Babylonians and the Code of Hammurabi. This established a system of bottomry (whereby the ship master would take a loan and then use the ship itself
Insurance_in_Iraq
Mary Ann United Kingdom The ship was driven ashore and severely damaged at Bottomry Point. She was on a voyage from Newport, Monmouthshire to Cork.
List of shipwrecks in April 1847
List_of_shipwrecks_in_April_1847
BOTTOMRY
BOTTOMRY
BOTTOMRY
BOTTOMRY
Boy/Male
Indian, Punjabi, Sikh
Light of the Lord of Mind
Female
Greek
(Îίκη) Greek name NIKÊ means "victory." In mythology, this is the name of a goddess of victory.
Girl/Female
Gujarati, Indian, Punjabi, Sikh
God's Beloved
Boy/Male
Hindu, Indian
Son of Prayer
Boy/Male
Muslim/Islamic
Servant of Allah
Boy/Male
Hindu
Moon light
Girl/Female
Assamese, Gujarati, Hindu, Indian, Kannada, Telugu
Born from Fire; Goddess Lakshmi
Girl/Female
Indian, Sanskrit
Healer
Boy/Male
Tamil
Most Love
Biblical
Dizahab, where much gold is
BOTTOMRY
BOTTOMRY
BOTTOMRY
BOTTOMRY
BOTTOMRY
v. t.
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry.
n.
A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.
n.
A loan upon goods laden on board a ship. It differs from bottomry, which is a loan on the ship itself.
n.
A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry.