Act Number: 11

Act Name: The Marine Insurance Act, 1963

Year: 1963

Enactment Date: 1963-04-18

Long Title: An Act to codify the law relating to marine insurance.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 70: Partial loss of freight.
    Subject to any express provision in the policy, where there is a partial loss of freight, the measure of indemnity is such proportion of the sum fixed by the policy in the case of a valued policy or of the insurable value in the case of an unvalued policy, as the proportion of freight lost by the assured bears to the whole freight at the risk of the assured under the policy.
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