Statute · California Harbors and Navigation Code
Cal. Harb. & Nav. Code § 450 — Bottomry
Cal. Harb. & Nav. Code § 450
- Type
- Statute
- Source
- California Harbors and Navigation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Bottomry is a contract by which a vessel or its freightage is hypothecated as security for a loan, which is to be repaid only if the vessel survives a particular risk, voyage, or period.
Citator
Cal. Harb. & Nav. Code § 450 — Bottomry is in force in the current edition of the Code, and nothing recorded condemns it.
Bottomry is a contract by which a vessel or its freightage is hypothecated as security for a loan, which is to be repaid only if the vessel survives a particular risk, voyage, or period.