Subject to any express provision in the policy, where there is a partial loss of freight, the measure of indemnity is such proportion of the sum fixed by the policy in the case of a valued policy or of the insurable value in the case of an unvalued policy, as the proportion of freight lost by the assured bears to the whole freight at the risk of the assured under the policy.
Section 70: Partial loss of freight.
The Marine Insurance Act, 1963Central Act · Act 11 of 1963
Where this provision sits
| Act | The Marine Insurance Act, 1963 |
|---|---|
| Section | 70 |
| Marginal note | Partial loss of freight. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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