Section 16 — Bottomry — Marine Insurance Act 1909 (Commonwealth) — Barrister AI

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Section 16 — Bottomry — Marine Insurance Act 1909 (Commonwealth) — Barrister AI

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COMMONWEALTHAct

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s 10Avoidance of wagering or gaming contracts s 11Insurable interest defined s 12When interest must attach s 13Defeasible or contingent interest s 14Partial interest s 15Re‑insurance s 16Bottomry s 17Master’s and seamen’s wages s 18Advance freight s 19Charges of insurance s 20Quantum of interest s 21Assignment of interest

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16

Bottomry

Current

Part II—Marine Insurance

Division 2—Insurable Interest

16 Bottomry

The lender of money on bottomry or respondentia has an insurable interest in respect of the loan.

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