Sentences with BOTTOMRY
Check out our example sentences below to help you understand the context.Sentences
1
"The shipowner entered into a bottomry agreement to finance the voyage."
2
"The terms of the bottomry contract were favorable to the shipowner."
3
"The bottomry bond was secured by the ship itself."
4
"The shipowner resorted to bottomry financing to cover unexpected expenses."
5
"The bottomry agreement was signed by both the lender and the shipowner."
6
"The lender took a substantial risk by offering a bottomry loan."
7
"The ship was mortgaged under a bottomry arrangement."
8
"The ship's captain negotiated the terms of the bottomry agreement."
9
"A bottomry bondholder has a claim on the ship's value."
1
"The practice of bottomry dates back to ancient times when maritime trade first began."
2
"In some cases, bottomry can be considered a form of maritime insurance against the risk of a ship being lost or damaged."
3
"A bottomry bond is a legal document that outlines the terms and conditions of the loan and the rights of the lender."
4
"The interest rate on a bottomry loan is typically high due to the high level of risk involved in maritime ventures."
5
"The bottomry system was prevalent in the Mediterranean region during the Middle Ages."
6
"A shipowner may resort to bottomry when traditional sources of financing are not available or are too costly."
