TABLE A -55 

 I'T^NCHISE CLAUSES IN HULL INSUT<ANCE CONTR/vGTS 

 OF VESSELS CLASSIFIED ON THE BASIS OF PAID LOSS l^ECORD 



1. Active wood with best 

 loss record^ 



2. Active wood with worst 

 loss rooordH/ 



3. Active steel 

 k. Lost '.rood 

 Total reporting 



(c) 



(c) 



(c) 



a/Fifty per cent of active wood vessels 



yonr studied. 

 b/Fifty per cent of nctive wood vessels 



studied. 

 c/no contrticts with franchise clause in 



"with, no or smnllost paid losses per policy 

 with Inrgost puid losses per policy year 

 the Gulf Area sample. 



231 



