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Excerpt from A Practical Treatise on the Law of Marine Insurance Some knowledge of the law of Marine Insurance is almost indispensable to a shipowner or merchant, and it is important that that knowledge should be correct so far as it goes. It is true that most shipowners and many merchants sooner or later acquire some such knowledge without the trouble of reading books, from their own experience; but this method of acquiring it is apt to be costly, as the most valuable part of the experience is derived from the consequences of their own mistakes. Hence there has always been a demand for little books like the present, and there has generally been a supply. Stevens on Average, Baily on General Average and the Perils of the Seas, and Hopkins's Handbook of Average and Manual of Marine Insurance, are examples of the kind. All these, like the present volume, were written by average-adjusters, - a class of persons whose peculiar experience gives them great opportunities of at least knowing what is wanted. All these books, however, like law-books on a larger scale, must either be constantly kept up to the level of the latest decisions, or they run the risk of ceasing to be safe guides to the mercantile reader, on account of the rapid growth of law and consequent change of practice (a). The time seems to have come for something new. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.