MARINE INSURANCE
SIGNIFICANT REDUCTIONS IN BATES, " 5 T i The following marine war insurance ( quotations • have been received by cable trom London by the Sydney Marine - Underwriters and Salvage Association, ( Limited: — STEAMERS. OUT AXD HOME. New Kate. Old Rate. United Kingdom— Via Suez S per cent JO per cent Via Cape ("percent 10 per cent Via Panama *6 per cent flo per cent ' ■ United .States and Canada. Atlantic Coast — , Via Suez ; . Spercent 10 per cent Via Cape 8 per cent :> per cent Via 1 per cent l per c-ent Suez, Africa 1 per cent 1_ percent India and -Burma- . percent 1 per cent . Tar East. Strait?, .lava, raciflc, Fiji .. per cent 1 per cent •Plus o per cent additional for Atlantic , ' transhipment. -Plus 10 per cent additional for Atlantic ; transhipment. SAILERS. OCT AXD HOME. New Rate. Old Rate. ' United States 5 per cent 1.. percent Cape -percent .percent 'West Coast ot , America 2 per cent 5 per cent .! These new rates show a considerable •reduction on the previous quotations, • and are most significant, inasmuch as . they afford proof that, in the opinion I of the underwriters, at all events, the • submarine and raider is now ! . not so serious as it has been. > - ____ B- _^ - _ i __ iB _
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Bibliographic details
Auckland Star, Volume XLIX, Issue 49, 26 February 1918, Page 2
Word Count
205MARINE INSURANCE Auckland Star, Volume XLIX, Issue 49, 26 February 1918, Page 2
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