United States Maritime Commission: Hearings ... 76th Congress, 3d Session: Marine and War-risk Insurance, H. J. Res. 5821940 - 25 pages |
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Page 6
... voyages of these vessels . The In connection with the amount of the required fund , I must empha- size that the need is likely to be a sudden and rapidly increasing one . If the world insurance market becomes unavailable or undesirable ...
... voyages of these vessels . The In connection with the amount of the required fund , I must empha- size that the need is likely to be a sudden and rapidly increasing one . If the world insurance market becomes unavailable or undesirable ...
Page 7
... if the rates ran completely away we would steady the market by taking some of this business ourselves , in order to hold it on an even keel . VOYAGE INSURANCE PREMIUM RATES Mr. TABER . What is the UNITED STATES MARITIME COMMISSION 7.
... if the rates ran completely away we would steady the market by taking some of this business ourselves , in order to hold it on an even keel . VOYAGE INSURANCE PREMIUM RATES Mr. TABER . What is the UNITED STATES MARITIME COMMISSION 7.
Page 8
... voyage ? Mr. OGDEN . On voyages to South America it would run about one- half of one percent , or a little less . Mr. TABER . What about voyages to the Far East ? Mr. OGDEN . It would be about the same . Mr. SNYDER . Is there any ...
... voyage ? Mr. OGDEN . On voyages to South America it would run about one- half of one percent , or a little less . Mr. TABER . What about voyages to the Far East ? Mr. OGDEN . It would be about the same . Mr. SNYDER . Is there any ...
Page 10
... voyage , I cannot tell you where . But we must insure the ships ; it would be stupid not to do so . We presumably will not send her where there is any unusual risk . Mr. WIGGLESWORTH . How much money is available now ? Admiral LAND . We ...
... voyage , I cannot tell you where . But we must insure the ships ; it would be stupid not to do so . We presumably will not send her where there is any unusual risk . Mr. WIGGLESWORTH . How much money is available now ? Admiral LAND . We ...
Page 13
... voyage , and they would only be sent under the policies of the Congress . Mr. WIGGLESWORTH . When you say that on an $ 18,000,000 ship you can only get $ 4,000,000 insurance , does that mean at any price ? Admiral LAND . That they would ...
... voyage , and they would only be sent under the policies of the Congress . Mr. WIGGLESWORTH . When you say that on an $ 18,000,000 ship you can only get $ 4,000,000 insurance , does that mean at any price ? Admiral LAND . That they would ...
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Common terms and phrases
Admiral LAND amended American bottoms American commerce American insurance market American market American shipping ance approximately authorized to provide BUELL SNYDER Bureau capacity Cape Horn cargo insurance carried in American claims CLARENCE CANNON Commission is authorized companies authorized conditions from companies cover crews of American EMMET O'NEAL expenses following capture foreign freight and passage going Government Hedge insurance business insurance or reinsurance insurance protection JOHN TABER JOHNSON of West KIRSCH legislation Lloyds London market loss or damage LOUIS LUDLOW marine and war-risk marine insurance marine war risks Maritime Commission maximum Merchant Marine Act obtained on reasonable officers OGDEN personal injury personnel policies issued rates reasonable terms reinsurance against loss reinsurance of marine reserve revolving fund seamen's risk subtitle surance terms and conditions underwriters United States following vessels including vessels voyage war-risk insurance fund water-borne commerce West Virginia WIGGLESWORTH WILLIAM DITTER WOODRUM world insurance market
Popular passages
Page 17 - ... maintained against the United States in the district court of the United States sitting in admiralty in the district in which the claimant or his agent may reside...
Page 17 - ... whenever it appears to the Secretary that such insurance adequate for the needs of the waterborne commerce of the United States cannot be obtained on reasonable terms and conditions from companies authorized to do an insurance business in a State of the United States.
Page 22 - Secretary may reinsure, in whole or in part, any company authorized to do an insurance business in any State of the United States.
Page 17 - ... of this Act shall be subject to the penalties and entitled to the privileges and immunities provided in said Federal Trade Commission Act as though the applicable terms and provisions of the said Federal Trade Commission Act were incorporated into and made a part of this Act...
Page 21 - Commission is authorized to provide marine insurance and reinsurance against loss or damage by the risks of war and reinsurance against loss or damage by marine risks...
Page 17 - Corporation, with the consent of any board, commission, independent establishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, facilities, officers, and employees thereof in carrying out the provisions of this Act.
Page 17 - An Act authorizing suits against the United States in admiralty for damage caused by and salvage service rendered to public vessels belonging to the United States, and for other purposes", approved March 3, 1925 (46 USC 781-790), as implemented by section 7730 of title 10, United States Code.
Page 16 - SEC. 221. (a) For the purpose of protecting the water-borne commerce of the United States from the impediments and burdens arising from the lack of adequate facilities for the insurance of such commerce...
Page 16 - (b) There shall be in the Treasury of the United States a revolving fund to be known as the marine and war-risk insurance fund (hereinafter referred to as the fund), to be used for carrying out the provisions of this subtitle, and to be constituted of such sums as may be appropriated to such fund and of moneys and receipts credited thereto as herein provided. There are hereby authorized to be appropriated to such fund such sums as may be necessary to carry out the provisions of this subtitle. All...
Page 16 - Provide marine insurance and reinsurance against loss or damage by the risks of war as authorized by Title II of the Merchant Marine Act, 1936, as, amended.