18 GCA § 37101

What is Bottomry

Guam Code AnnotatedTitle 18 — Business Structure and Function

Bottomry is a contract by which a ship or its freightage is hypothecated as security for a loan, which is to be repaid only in case the ship survives a particular risk, voyage, or period.

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.