The issue of whether the general rule contained in r 17 regarding deck cargoes was inapplicable to all inland voyages was left open. And, in Ikerigi Compania Naviera SA v Palmer, ‘Wondrous’ [1991] 1 Lloyd’s Rep 400; aff’d [1992] 2 Lloyd’s Rep 566, CA, where a vessel was detained in Iran because of the non-payment of port dues and freight tax, at first instance, Hobhouse J had reason to consider the concept of freight.20. The Court of Appeal, however, ruled that, although the reinsurers had not been informed that the policy was one of reinsurance, it did not amount to the concealment of a material fact. The cargo comprised some 25 tons of redwood, which the master had purchased on behalf of his owner, 122 tons of saltpetre, for which the ship was contracted to carry, and a further 90 tons of light goods, for which there was no written contract of carriage, only a verbal undertaking. In Hull Insurance, the ship is insured against any type of danger. That is, the goods must have either have been placed on board the ship or there be in existence a contract of carriage relating to those goods. Thus, where freight is concerned, contracts of carriage and contracts of insurance, though separate issues, are closely related. This is true that he can conduct an examination in the case of a property being insured for fire risk or of getting a medical examination done in the case of a health policy. In a contract of wager all the parties does not have any interest in happening of the event other than the sum or stake him will win or lose. Still, if there were a series of decisions determining that in such a case, or in cases analogous to it, a description was required beyond what would seem to us reasonable, we would be unwilling to disturb the established practice. Section 3 of the Marine Insurance Act 1906 declares that every lawful marine adventure’ may be insured, and the section then goes on to consider what may constitute a ‘marine adventure’: (1) Subject to the provisions of this Act, every lawful marine adventure may be the subject of a contract of marine insurance. Search subject matter of the insurance and thousands of other words in English definition and synonym dictionary from Reverso. In the event, the car was carried on deck without the insurers’ knowledge, and when it arrived at Messina, it was found to be damaged beyond repair. Insurance is a system by which the losses suffered by a few are spread over many, exposed to similar risks. This was well illustrated in Mackenzie v Whitworth, below. …Then, as to the other point, to recover upon a policy on freight, the assured must prove that, but for the intervention of some of the perils insured against, some freight would have been earned, either by showing that some goods were put on board, or there was some contract for doing so…The defendant, therefore, is entitled to a new trial upon that ground, but he must, at all events, have a verdict against him for the amount of the freight on the redwood and saltpetre. The court ruled that the insurers were liable for the freight on the redwood and saltpetre, but were only liable for the freight on the light goods if the contract of carriage could be found. When the plaintiffs claimed on their policy of insurance, the insurers refused to pay, on the basis that they, the insurers, had not been notified that the goods were to be carried on deck. 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