PREMIUM

America, and of the nations engaged in war with the enemies of the United States of America, whether before or after the declaration of war, and of mines.

And in case of any loss or misfortune, it shall be lawful to the insured, their factors, servants, and assigns, to sue, labor and travel for, in and about the defense, safeguard, and recovery of the said goods and merchandise, or any part thereof, without prejudice to this insurance, to the charges whereof the insurer will contribute according to the rate and quantity of the sum herein insured. And it is especially declared and agreed that no acts of the insurer or insured in recovering, saving, or preserving the property insured, shall be considered as a waiver or acceptance of abandonment; having been paid the consideration for this insurance, by the insured or..........assigns, at and after the rate of........per cent. Warranted free from any claim for interest, loss of market, or damage by deterioration due to delay.

Warranted no ownership by enemies or their allies and no trading with enemies or their allies or with the country of or occupied by enemies or their allies during the period of this insurance.

Warranted not to abandon in case of blockade and free from loss arising from an attempt to evade blockade, but in the event of blockade, to be at liberty to proceed to an open port and there end the voyage.

It is agreed that this insurance shall not be vitiated by a deviation from the voyage provided the same be communicated to the Bureau of War Risk Insurance as soon as known to the insured and an additional premium paid if required.

In the event of loss and claim, prompt notice should be given the Bureau of War Risk Insurance. Claims will be paid within thirty days after complete proofs of interest and loss have been filed with the Bureau.

This insurance is subject to the warranties and conditions of the application.

IN WITNESS WHEREOF, The United States of America has caused this policy to be signed by its Secretary of the Treasury, but it shall not be valid until countersigned by William C. De Lanoy, Director of the Bureau of War Risk Insurance.

Countersigned at Washington, D. C., this

-day of

W. G. McADOO,

SECRETARY.

, 191

DIRECTOR.

PREMIUM

In case of loss, to be paid in funds current in the
United States of America.

Upon the Freight of the American Vessel called the

or by whatsoever other name or names the said vessel is or shall be named or called, beginning the adventure upon the said freight from the loading of the goods and merchandise on board the said vessel as above, and shall so continue and endure during her abode there and until the vessel with her goods and merchandise shall be arrived at as above and be there discharged and safely landed, but no risk to attach on shore.

Touching the adventures and perils which the insurer is content to bear and does take upon itself, they are of menof-war, letters of marque and countermarque, surprisals, takings at sea, arrests, restraints and detainments of all kings, princes, and people of what nation, condition, or quality soever, except of the United States of America and of the nations engaged in war with the enemies of the United States of America, and all consequences of hostilities or war-like operations except of the United States of America, and of the nations engaged in war with the enemies of the United States of America, whether before or after the declaration of war, and of mines.

And in case of any loss or misfortune, it shall be lawful to the insured, their factors, servants and assigns, to sue, labor and travel for, in and about the defense, safeguard, and recovery of the said freight, or any part thereof, without prejudice to this insurance, to the charges whereof the insurer will contribute according to the rate and quantity of the sum herein insured. And it is especially declared and agreed that no acts of the insurer or insured in recovering, saving, or preserving the property insured, shall be considered as a waiver or acceptance of abandonment; having been paid the consideration for this insurance, by the insured ...assigns, at and after the rate of....... ..per cent.

or..

Warranted free from any claim for interest or damage due to delay.

Warranted by the insured free from claim consequent upon loss of time whether arising from a peril insured against

or not.

Warranted no ownership by enemies or their allies and no trading with enemies or their allies or with the country of or occupied by enemies or their allies during the period of this insurance.

Warranted that the vessel shall not start on a voyage if ordered not to do so by the United States of America, and free from claim for loss, damage, or expense consequent upon obeying such orders.

Warranted that the vessel shall comply, so far as possible, with the orders of the United States of America as to routes, ports of call, and stoppages.

Warranted that if in an enemy port, the vessel shall leave within the days of grace allowed by the enemy and shall comply with the terms of any pass granted by the enemy.

Warranted and agreed that the vessel, the freight of which is insured hereunder, shall not enter or leave, or attempt to enter or leave, any port which is known to be blockaded by the Powers at War.

Warranted not to abandon in case of blockade and free from loss arising from any attempt to evade blockade, but in the event of blockade, to be at liberty to proceed to an open port and there end the voyage.

It is agreed that this insurance shall not be vitiated by a deviation from the voyage provided the same be communicated to the Bureau of War Risk Insurance as soon as known to the insured and an additional premium paid if required.

In the event of loss and claim, prompt notice should be given the Bureau of War Risk Insurance. Claims will be paid within thirty days after complete proofs of interest and loss have been filed with the Bureau.

This insurance is subject to the warranties and conditions of the application.

IN WITNESS WHEREOF, The United States of America
has caused this policy to be signed by its Secretary of the
Treasury, but it shall not be valid until countersigned by
William C. De Lanoy, Director of the Bureau of War
Risk Insurance.
W. G. McADOO,

Countersigned at Washington, D. C., this day of

SECRETARY.

191

DIRECTOR.

APPENDIX E

Forms of Policies Used in Great Britain in the Agreement Between the Government and Insurance Companies

FORMS OF POLICY IN CONNECTION WITH THE INSURANCE OF HULLS

(Note) In order to show how the scheme would work, the following forms are appended. The forms of original Policy to be issued by the Association are inserted by way of illustration and are not intended to be a form which in all respects must be rigidly adhered to. Certain essential elements which are necessary for the protection of the state, must appear in all the original policies, but in other respects it is anticipated that each Association will insert in such policies such stipulations as are prescribed by its own rules.

SCHEDULE I

Standard Form of Policy to be issued by the Association.

The ...

Be it Known that.. as well in

Association.

.own name

-own name, as for and in the name and names of all and every other person or persons to whom the same doth, may or shall appertain in part or in all, doth, subject to the provisions hereinafter contained and referred to, make assurance and cause them and every one of them to be insured lost or not lost, for and during the period fromboth days inclusive, beginning and ending with Greenwich mean time. In port and at sea, at all times, in all places and on all occasions, services and trades whatsoever and wheresoever, under steam, or sail, with leave to sail with or without pilots, to tow and assist vessels or craft in all situations and to be towed.

-to

Upon the Body, Tackle, Apparel, Ordnance, Munition, Artillery, Boat and other Furniture, of and in the good Ship or vessel called the

whereof is Master under God,

or whosoever else shall go for Master in the said Ship or by whatsoever other name or names the same ship, or the Master thereof, is or shall be named or called in the sum of..... £ .£

on Hull, Materials, Machinery Boilers valued at.

Touching the adventures and perils which we the Assurers are contented to bear and to take upon us, they are of the Seas, men-of-war, fire, enemies, pirates, robbers, thieves, jettisons, letters of Mart and Countermart, Sur

prisals, Takings at Sea, arrests, restraints and detainments of all Kings, Princes and people of what nature, condition or quality soever, Barratry of the Master and Mariners, and of all other Perils, Losses and Misfortunes that have or shall come to the Hurt, Detriment or Damage of the said Ship, etc., or any part thereof; and in case of any Loss or Misfortune, it shall be lawful to the assured, their Factors, servants and assigns, to sue, labor and travel for, in and about the Defense, Safeguard and Recovery of the said Ship, etc., or any part thereof without Prejudice to this insurance; to the charges whereof we, the insurers will contribute. And it is especially declared and agreed that no acts of the insurer or insured in recovering, saving or preserving the property insured shall be considered as a waiver or acceptance of abandonment. And it is agreed by us the Insurers, that this writing or Policy of Assurance shall be as much Force and Effect as the surest writing or Policy of Assurance heretofore made in Lamb Street or in the Royal Exchange or elsewhere in London.

And so we, the Insurers, are contented, do hereby promise, and bind ourselves each one for his own Part, our Heirs, Executors, and Goods, to the Assured, their Executors, Administrators, and Assigns, for the true Performances of the Premises, it being agreed that the Assured, shall in consideration thereof, pay to us The Association (hereinafter called the Association) the premium and entrance fee in accordance with Article - of the Articles of Association of the Association, and shall, if and when the same become payable further pay all the sums and contributions which the Association shall become entitled to call upon the Assured, as a member or members of the Association, to pay to the Association according to the Articles of Association for the time being in force.

NOTE I. It is further agreed that if the ship hereby insured should be captured or seized and shall, while such capture or seizure is maintained, come into collision with any other ship or vessel, and the assured shall in consequence thereof become liable to pay and shall pay by way of damages to any other person or persons any sum or sums not exceeding the respect of any one such collision, the value of the ship hereby insured and such liability would not be recoverable under the policies and protection referred to in clause 10 hereof, the Association will pay the assured such proportion of three-fourths of such sum or sums so paid as its subscription hereto bears to the value of the ship hereby insured, and in case in which the liability of the ship has been contested or proceedings have been taken to limit liability with the consent of writing of the Association, the Association will also pay a like proposition of three-fourths of the costs which the assured shall thereby incur or be compelled to pay, but when both vessels are to blame, then unless the liability of the owners of one or both of such vessels becomes cross liabilities as of the owners of each vessel have been compelled to pay to the owners of the other vessels such a one-half or such proportion of the latter's damages as may have been properly allowed in ascertaining the balance of sum payable by or to the assured in consequence of such collisions. Provided always that this clause shall in no case extend to any sum which the assured may become liable to pay, or shall pay for removal of obstructions under statutory powers, for injury to harbors, wharves, piers and similar structures, consequent on such collision or in respect to the cargo or engagements of the insured vessel or for loss of life or personal injury.