The Archive · 1937

Cargo to North

With a further aggravation of the serious situation inthe north, war risk insurance rates on coastal vessels and cargo from Shanghai 10 Tientsin were doubled on July 20. The new rate is ten cents per cent Jor ten cents for every one hundred dollars.

Prior to the issue of the new rates. by the Shanghai Marine Under~ writers' Association, the local rate jwras 2% cents per cent. This was recently doubled in view of the tension in the Far East. The present new rate is therefore four times of the ordinary one.

Seven Chinese, Japanese and Brit ish shipping firms have also decided to impose a special emergency sur~ charge on all cargo shipped from Shanghai to. Tientsin beginning August

Text read from the printed page and cleaned; old type leaves the occasional error.

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