Letters Addressed to a Young Master-Mariner, on Some Subjects Connected with His Calling
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ISBN10: 1151397105
ISBN13: 9781151397102
Publisher: General Books
Pages: 34
Weight: 0.18
Height: 0.07 Width: 7.44 Depth: 9.69
Language: English
ISBN13: 9781151397102
Publisher: General Books
Pages: 34
Weight: 0.18
Height: 0.07 Width: 7.44 Depth: 9.69
Language: English
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1834. Excerpt: ... LETTER V. Commerce and maritime adventure existed and flourished ages before insurance was known; and if we may judge by the records and laws handed down to us, the duties of a ship master were as well defined and as well understood in those days as in the present. Ships and their cargoes were subject to the same perils and dangers, and the master had the same duties to perform if accidents occurred. Insurance, comparatively speaking, is of late invention; but it is now practised, and therefore I must allude to it. A few observations will suffice; a very few, for I am inclined to think there is with one or two exceptions, no absolute necessity that the master should know any thing of the liability of insurers. The interests of the insured and the insurer are so much blended and mixed together, that they may be considered one and the same. So much so, that it is at least dangerous for the master of a vessel to attempt to separate them. By a confusion of ideas in this respect, --by seeking for and following the advice of agents and others, --by abandoning the dictates of plain common sense, many a well meaning master is led into measures which, as regards both ship and cargo, are sometimes most prejudicial to their respective owners. The association of insurers, or underwriters, at Lloyd's Coffee House, London; at Liverpool, Glasgow, and other ports of the United Kingdom, have established agents abroad, I may say in almost every port of the trading world, for the purpose of giving advice and assistance to the masters of merchant vessels, and of watching over the interests of the associations generally. It frequently happens that they are resident merchants, not always the most experienced in the duties and responsibilities of a master of a merchant vessel, an...
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