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A loan in which under any condition whatsoever, the repayment of the sum loaned, and of the
premium stipulated, depends upon the safe arrival in port of the goods on which it is made or
of the price they may receive in case of accident. It is a loan on bottomry when the security is a
vessel, and respondentia when the security is cargo.
premium stipulated, depends upon the safe arrival in port of the goods on which it is made or
of the price they may receive in case of accident. It is a loan on bottomry when the security is a
vessel, and respondentia when the security is cargo.
