27. Legal alterations in policies may be made

Terms defined in s 2

• policy of sea insurance

  policy of sea insurance

  Defined · s 2

  “policy of sea insurance” means any insurance (including re-insurance) made upon any ship or vessel (whether for marine or inland navigation) or upon the machinery, tackle or furniture of any ship or vessel or upon any goods, merchandise or property of any description whatever on board of any ship or vessel or upon the freight of or any other interest which may be lawfully insured in or relating to any ship or vessel; and includes any insurance of goods, merchandise or property for any transit which includes, not only a sea risk as above, but also any other risk incidental to the transit insured from the commencement of the transit to the ultimate destination covered by the insurance. Where any person, in consideration of any sum of money paid or to be paid for additional freight or otherwise, agrees to take upon himself any risk attending goods, merchandise or property of any description whatever while on board of any ship or vessel, or engages to indemnify the owner of such goods merchandise or property from any risk, loss or damage, such agreement or engagement is deemed to be a contract for sea insurance;

  Open s 2
• property

  property

  Defined · s 2

  “property” includes movable and immovable property and any estate in any property movable or immovable and any debt and anything in action and any other right or interest in the nature of property whether in possession or not;

  Open s 2