This occurs, for example, where the ship needs urgent repairs during the course of its voyage or some other emergency arises and it is not possible for the master to contact the owner to arrange funds, allowing the master to borrow money on the security of the ship or the cargo by executing a libel against the ship, the use of bottomry bonds declined greatly in the 19th century and the subject is today of interest only to legal historians.
How to say bottomry bond in Hindi and what is the meaning of bottomry bond in Hindi? bottomry bond Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
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