BOTTOMRY —
An early form of marine insurance first attested in the Codex Hammurabi promulgated during the reign of Hammurabi, the sixth king of Babylon, around 1760 BC, and used also by the Ancient Greeks. In classical Athens, cases of marine insurance fraud were not infrequently heard in the courts, when it might be claimed that someone had deliberately sunk a ship for the sake of the insurance money. There is a Greek vase showing someone taking an axe to the hull of a ship. read on
