MASTER’S DRAFT
master’s draft.Maritime law. A contract for money loaned to a ship’s master to cover necessary disbursements, payable from the first freight the ship receives, and secured by the vessel and freight. See BOTTOMRY BOND.
[Blacks Law 8th]
master’s draft.Maritime law. A contract for money loaned to a ship’s master to cover necessary disbursements, payable from the first freight the ship receives, and secured by the vessel and freight. See BOTTOMRY BOND.
[Blacks Law 8th]