Marine Insurance Act : Partial loss of freight. Indian Bare Acts :

Marine Insurance Act,1963

Act No : 11

Section : Partial loss of freight.

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.