meaning of act of man

act of man meaning in Law Dictionary

aquatic insurance coverage that covers cargo give up maintain a vessel secure. The owner takes some per cent associated with price.

act of man meaning in Business Dictionary

In marine insurance, deliberate give up of some cargo to make the vessel safe for continuing to be cargo. In line with the terms of the contract of carriage, people who own the saved cargo contribute in proportion its price to pay for the loss of the sacrificed cargo.