DI COLONNA, mar. contracts. This contract tales place between the owner of a
ship, the captain and the mariners, who agree that the voyage shall be for
the benefit of all. This is a term used in the Italian law. Targa, oh. 36,
37: Emerigon, Mar. Loans, s. 5.
2. The New England whalers are owned and navigated in this manner, and under this species of contract. The captain and his mariners are all interested in the profits of the voyage in certain proportion, in the same manner as the captain and crew of a privateer, according to the agreement between them. Such agreement, being very common in former times, all the mariners and the masters being interested in the voyage. It is. necessary to know this, in order to understand many of the provisions of the laws of Oleron, Wishuy, the Consolato del Mare, and other ancient codes of maritime and commercial law. Hall on Mar. Loans, 42.