Updated: Aug 20, 2021

This refers to improper acts of the master or a seaman of a ship which, apart from being wilful, cause damage to the ship or cargo.

Reference: The Penguin Business Dictionary, 3rd edt.

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Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.