act of man
Definition
In marine insurance, deliberate sacrifice of some cargo to make the vessel safe for the remaining cargo. According to the terms of the contract of carriage, owners of the saved cargo contribute in proportion its value to cover the loss of the sacrificed cargo.
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act of man is in the Disaster Planning & Risk Management and General, Marine, & Life Insurance subjects.
act of man appears in the definition of the following term: force majeure
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