What does Act of Man mean? Read on to discover the definition & meaning of the term Act of Man - to help you better understand the language used in insurance policies.
Act of Man
In marine insurance, deliberate sacrifice of some cargo to make the vessel safe for the remaining cargo. According to the terms of the contract of carriage, owners of the saved cargo contribute in proportion its value to cover the loss of the sacrificed cargo.
We hope the you have a better understanding of the meaning of Act of Man.