Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1818-03-11
FUNDAMENTAL RULES FOR MARINE
RISKS.
WM. WILSON, Sect'y.

FUNDAMENTAL RULES FOR MARINE
RISKS.
I. Al rules and regulations in use by
the Marine Insurance Company of Alex
saLrla. aud net contrary to the following,
are adopted by this Institution.
,. TIE credits tor payment of all pre-
uiums exceeding fifty dollars, shall be
q, follow, By approved notes with one
en'O~ pr, viz:
IOor from - To y from
2 mOaths-S mOnIhs-POrts in the Uni
ted States, Louisiana excepted.
4 months-6 nths--The West Indies,
Louisiana, Florida, Spanish Maine
North u the Equator.
6 mOUlhs-s mouths-EurOpe and Afri-
ca, European Turkey and the
White Sea excepted.
-mouths-s mOnths--ru KEY. the WI.
aud Black Seas, South America,
feast coast) South nf the Equator.
- mon'hS-l5 months-India and China
and beyond the Cape OF Coed
Hope aud Cape Horn generally.
q Insuraucss on vessels aud on com
MISSIONS are, in all cases, to be made in
valued policies only. Those on commits
sions Tree from average an, salvage.
T. l, will be preferable that in>urauceG
% freight be likewise valued. But II
Z" on freight" simply, two thirds Of the
amou.t Of gross freight covered shall be
understood to be the insurab!e interest.
lfbnls If loading or charter parties stipu.
late no eight on goods. b. ing owners
property, St. the amount shall he fixed
by a bitratiOD, OF ireights for voyages out
and home: one half is To be applied t,
each voyage, unless otherwise agreed
upon.
5. On sums insured upon imaginary or
expected PROFITS, The same per centage in
case Of loss will be paid as would be re
cCverable on the value or cOs' Of the
gnn,ls themselves, general average aud
salvage excepted, to which profits are
deemed not liable tn contribute
6. When a rlsk is offered 20 this com
Pany, on which prior instances are
made, il is requested that the circum'
stanc- De mentioned at the time Of the
application, II the policy applied for is tt
BE- valued one. or it the prior assurances
are male ON valued policies.
:. InSurable interests OF persons re-
siding in the district oi Columbia, under
cprn policies on voyages out and hove
are To be shown by simply covering The
amount Of the invoice with half the pre-
MUM round. Persons residing uut Of
the District have tn add, in a" cases, Ia
their amnunt of insurable interest hall
per cent. com.rissiOn for efiecting insur'
ance, and ore ard half per cent. com.
mission to recover loSseS. The amount
IF invoices understood TO include a COM
mission Of two anu half per cent. Oh
shipments from port to port in the United
States. and five per cent. to or from 70,
reign countries.
s. All persons having losses or return
premiums to claim from this company,
are desired 10 give notice thereof as soon
~ they are in possession OF the requisite
information. Should they neglect TO dc
the adjustment to themselves, as it IS IN
tended to adjust aud settle ali claims a
Rainst his company successfully as they
are notified.
9. This company will abide By all
statements Of general average made a
bsnad under Competent authority, and
according 20 the local laws, IL not incom'
yatibie with he express terms ct their
policies They will refun! contributions
actually paid abroad byor for the insured
as general average, without regard to the
valuation Of ne property insured.
10 When general averages are stated
Nsrr. gruds are TO be rated 10 the ac'
counts a contr,betary capital at their
actual net proceeds; and il that cannot
be easily asceTtained. az heir cost. FAC
ca DING to mv"ice) with the premium Of
irSa'ance covered, and ten per cent lm'
ssinary prof. on the 6rst cost and char
yes, exclusive of insurance. lnai cases
O, general average or particular damage
~ re stated here. the insured shall give
notice to this company Immediately after
'he arrival Of the vessel; and, thereuPon,
an application shall be mutually made TO
me mayor for the time beng, or, ~ MS
absence, 10 magistrate, to appoint thee
,utab'e and weIh2kalitied persons, beng
6r du sWOsn. u 10 on board, dh'gen''
ly to New. search and examine, as they
L,as De directed, ADD 10 make sues re-