bottomry

The lender of money on bottomry or respondentia has an insurable interest in respect of the loan.

船舶抵押借款或船抵押借款的款人，就其款具有可保益。

It's interesting to note that insurance has existed in some form for a very long time. The earliest insurance policies were what we called bottomry contracts.

这是有趣的，已经存在了很长的时间以某种形式的保险。最早的保险政策，也就是我们俗称的抵押借款合同的。

The earliest insurance policies were what we called bottomry contracts.

最早的保险政策是我们所说的抵押借款合同。