Touch and stay is a phrase utilised in marine insurance to grant the insured the privilege of halting and remaining at specific predetermined locations throughout a journey. If a ship possesses the capability to touch and stay at a particular place, it is obligated to adhere to the regulations of the granted permission. Any deviation from these regulations, such as the transportation or unloading of goods, will release the underwriters from their obligations unless the vessel has been granted permission to engage in trading activities in addition to touching and staying.
Touch and stay is a term in marine insurance that grants the insured the right to halt and remain at specified points during a journey. For instance, a ship may be authorized to stop and stay at a particular port to acquire supplies or passengers. However, the ship must strictly adhere to the terms of the authorization. Any deviation during the stay, such as loading or unloading goods, may release the underwriters unless the ship has permission to engage in trade in addition to stopping and staying. For example, a cargo ship traveling from New York to London has been granted permission by the insurer to stop and stay at the port of Halifax to refuel. The captain must ensure that the ship only stops at Halifax and refrains from any other activities during the stay. If the ship were to deviate from the granted permission and engage in other activities, the insurer may not provide coverage for any losses or damages that occur during that time. In summary, touch and stay is a specific term used in marine insurance that allows a vessel to halt and remain at a designated point during a journey. The example demonstrates how a cargo ship can only engage in the activity it was authorized for during the stay, and any deviation may result in the insurer not covering any losses or damages that occur during that time.
“Touch And Stay” refers to a legal principle that determines whether a person’s physical contact with an object or property is sufficient to establish possession or ownership rights.
Unlike “Finders Keepers,” which implies that the person who finds an abandoned object automatically becomes its owner, “Touch And Stay” requires a continuous physical presence or control over the object to establish ownership.
No, “Touch And Stay” primarily applies to tangible objects or property that can be physically possessed or controlled.
To establish ownership through “Touch And Stay,” one must demonstrate continuous physical contact or control over the object, without any intention of relinquishing possession.
The duration of physical contact required to establish ownership through “Touch And Stay” may vary depending on the jurisdiction and the nature of the object. It is best to consult with a legal professional to determine the specific requirements in your jurisdiction.
No, “Touch And Stay” cannot be used to claim ownership over stolen property. Possession of stolen property is illegal, and the rightful owner can reclaim it even if someone has established physical contact with it.
No, “Touch And Stay” is not applicable to real estate or land ownership. The transfer of real estate ownership typically requires a formal legal process, such as a deed or title transfer.
Yes, “Touch And Stay” can be used to establish ownership over abandoned property if the person demonstrates continuous physical contact or control over the object and meets any additional legal requirements set by the jurisdiction.
Yes, “Touch And Stay” can be challenged in court if there are disputes regarding the legitimacy of the claimed ownership. The court will consider various factors, including the duration and nature of the physical contact, to determine the rightful owner.
The concept of “Touch And Stay” may vary in different legal systems. Some jurisdictions may recognize similar principles, while others may have different rules for establishing ownership. It is essential to consult with a legal professional familiar with the laws of your jurisdiction to understand how “Touch And Stay” applies in your specific case.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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