Goods that are voluntarily thrown into the sea in a storm or other emergency for the purpose of lightening the ship.
Jettison
In marine insurance, throwing the cargo or ship’s property overboard to save other property from a common danger.
Jewellers Block Insurance
Insurance policy specifically designed to insure broad exposures common to jewellery trade.
Joint And Several Liabilities
It is the creditor’s option to sue one of several debtors individually, or any of them, or all of them. Also applies to law of torts. If more than one person commits a tort and injures another person, the group of tort-feasors would be jointly and severally liable for the damage. The injured person can elect to sue one, any or all of them.