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MARINE INSURANCE ACT 1906 - SECT 63

Effect of abandonment.

63.(1) Where there is a valid abandonment the insurer is entitled to take over
the interest of the assured in whatever may remain of the subject-matter
insured, and all proprietary rights incidental thereto.

(2) Upon the abandonment of a ship, the insurer thereof is entitled to any
freight in course of being earned, and which is earned by her subsequent to
the casualty causing the loss, less the expenses of earning it incurred after
the casualty; and, where the ship is carrying the owner's goods, the insurer
is entitled to a reasonable remuneration for the carriage of them subsequent
to the casualty causing the loss.

Particular average loss.

© 1906 Crown Copyright

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