CO885-24 — Page 300

INSURANCE OF PRIZE CARGOES.

INSTRUCTIONS TO

An Insurance cover for fire has been arranged on all cargo awaiting

adjudication or ordered to be detained by the Prize Court.

The rates for all ports are as follows:-

GENERAL MERchandise, exCLUDING UNMANUFACTURED METALS.

Up to 7 months 15/-%.

Up to 10 days

15

2/-%.

3/-%.

8

"}

16/-%.

20

"

3/-%.

9

}}

17/-%.

1 month 4/-%.

10

11

20/-%.

2 months 8/-%.

11

20/-%.

3

"

8/-%.

12

"

20/- %.

4

"}

10/- %.

5

13

12/-%

6

14/-%.

PUBLIC RECORD OFFICE

buli

Reference :-

C.O. 885

24 PUBLIC RECORD OFFICE, LONDON

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-

COPYRIGHT PHOTOGRAPH-NOT TO

Over 12 months pro rata on

•

basis of 20/- % per annum.

Metals (not including quicksilver) in blocks or slabs or otherwise unmanu- factured and/or ores, half above rates. Tin and terne plates and sheets are not

to be deemed unmanufactured metals.

The insurance commences :---

(a) in the case of cargo already the subject of Prize proceedings on the

29th January, 1915, on that date.

(b) in the case of cargo in respect of which proceedings are instituted after

the 29th January, 1915, on the date of the issue of the writ.

The insurance continues :---

(i) in the case of cargo in respect of which an order for condemnation, requisition, or release is made, until the date of the order.

(ii) in the case of cargo ordered to be detained, until requisition, sale, or

further instructions.

(iii) in the case of cargo sold before release, requisition, condemnation, or detention has been granted or ordered, until sale.

Page 300Page 301

PUBLIC RECORD OFFICE

Reference :-

TTTTTC.O. 885

24 PUBLIC RECORD OFFICE, LONDON

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO

ADDITIONAL INSTRUCTIONS AS TO VALUATION OF CARGOES AND PAYMENT OF PREMIUM.

1. Wherever cargo subject to the cover or formerly subject to the cover and

condemned is-

(a) valued by order of the Court or

(b) sold by order of the Court whether after adjudication or not,

the value for insurance purposes will be in case-

(a) the value ascertained under the order of Court, or in case

:

(b) the amount of the net proceeds of sale (by which is meant the total proceeds of sale after deducting only the expenses of sale) plus 10 per cent., this addition representing the amount by which the proceeds of a forced sale may be expected to fall below the real

value.

In the case of release of goods so valued or of the value or proceeds of sale of such goods, the value ascertained as above should be substituted for that ascer- tained in accordance with paragraphs 5 and 6 of the instructions.

2. Where cargo is sold or requisitioned before adjudication, the ultimate incidence of the premium cannot be decided until adjudication or release, but it will be desirable that the Court should, if possible, be induced to sanction the payment of premium out of the amount paid into Court without waiting for final adjudication and without consideration of whether the cargo appears to be liable to condemnation or entitled to release or to the benefit of Hague Con- vention No. VI. An application should be made to the Court accordingly when the proceeds of sale or appraised value of the cargo are paid in, an opportunity being afforded to any claimant to appear and object to the deduction on the ground that the goods are entitled to exemption in accordance with paragraph 7 of the instructions. Any money received under such an order should be remitted, with Form H or I, appropriately completed.

3. Where on requisition an undertaking to pay into Court is given this procedure cannot, of course, be adopted at the time the requisition takes place. In such a case, if an order for release is afterwards made, the Court should, unless the cargo is shown to be exempted from the insurance scheme in accord- ance with paragraph 7 of the instructions, be asked to order deduction of the