Marine Insurance Act, 1963 · Insurable interest
Section 12: Bottomry
The lender of money on bottomry or respondentia has an insurable interest in respect of the loan.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 12
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