Home1815 Edition

FOENUS NAUTICUM

Volume 8 · 102 words · 1815 Edition

Where money was lent to a merchant to be employed in a beneficial trade, with condition to be repaid with extraordinary interest, in case such voyage was safely performed, the agreement was sometimes called focus nauticum, sometimes ujura maritima. But as this gave an opening for furious and gaming contracts, 19 Geo. II. c. 37, enacts, that all money lent on bottomry, or at respondentia, on vessels bound to or from the East Indies, shall be expressly lent only upon the ship or merchandise; the lender to have the benefit of salvage, &c. Blackf. Com. ii. 459. Mol. de Jur. Mar. 361.