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Excerpt from German V. British Railways: With Special Reference to Owner's Risk and Traders' Claims
According to Mr. Lloyd-george, there is no such thing as owner's risk in Germany. If by this he means no such thing as an owner's risk rate, distinct from a company's risk rate, then he is perfectly correct. The double rate does not exist in Germany, as it does here, and, although provision is certainly made in the German railway regula tions (eisenbahn-verkehrsordnung, paragraph 81) for the arrangement he speaks of, as to a limit of risk where reduced or exceptional rates are conceded, in practice little advantage is taken of this clause, there being comparatively little opportunity for obtaining such rates.
But if, by owner's risk, one means the conveyance of merchandise under conditions (apart from exceptional rates) which leave the trader to bear the loss of damage, etc., then it can only be said that such risk plays as great a part in railway transport in Germany as it does in England, though with this fundamental difference, - that, whereas here the trader pays a lower rate when he accepts owner's risk, in Germany the trader pays the ordinary rate, without any reduction (except in the contingency stated above), but runs the risk all the same. In other words, the English trader has owner's risk at o.r. Rates, and the German trader must take owner's risk at the equivalent of c.r. Rates.
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