| Description | Bon Accord Marine Insurance Company, Aberdeen, Capital, £100,000.
Directors: Robert Johnston, Merchant, Aberdeen; Gavin Hadden, Junior, Manufacturer, Aberdeen; Benjamin Moir, Merchant, Aberdeen; Peter Williamson, Druggist, Aberdeen; James Hall, Shipbuilder, Aberdeen; George Collie, Mercchant, Aberdeen; James Goldie, Shipowner, Aberdeen; Leslie Cruickshank, Merchant, Aberdeen; Alexander Anderson, Advocate, Aberdeen. Manager: Alexander Bell.
"The following Company's terms of business, and mode of settlement. In the event of vessels insured by the Company receiving damage, the third usually deducated for new work, will not be taken off British-built vessels, unless their age exceeds twelve months. The risk upon the vessels will continue until the cargo is discharges, if such period does not exceed ten days. Losses and avergaes will be paid in cash, in ten days after the acounts have been adjusted, without any deduction. Ten per cent discount will be allowed upon the amount of premiums, for current accounts settled quarterly, or five per cent for current accounts settled annually. Aberdeen 6th July 1839." |