Maritime Vessel Arrest or Seizure: What’s Insured?
Stephen Harris and Abhijit Naik examine marine insurance policies in the context of risks posed by war or seizure. Even in the earliest days of marine insurance, risks posed by war or seizure were viewed as especially dangerous to insure. In the eighteenth century, insurers imposed a sweeping “free of capture and seizure” (FC&S) warranty, […]
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