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adventure


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A commercial term, now defunct, which was recognized in international maritime law to denote consignments of cargo sent abroad in a ship to be sold or bartered by the master to best advantage, hence cargo carried without fixed destination but to be sold when opportunity offered. A bill of adventure, one signed by a merchant in which he took the chances of the voyage. In French maritime law a bill of gross adventure was an instrument making a loan on a maritime security. Nowadays in marine insurance it is the period during which something is exposed to peril whether insured or not.

Subjects: Maritime History.


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