A ship was to be purchased, supplied with a suitable cargo, and despatched to a port in the West Indies.

Loss from storms and enemies was to be precluded by insurance.

Every hazard was to be enumerated, and the ship and cargo valued at the highest rate.

Should the voyage be safely performed, the profits would be double the original expense.

Should the ship be taken or wrecked, the insurers would have bound themselves to make ample, speedy, and certain indemnification.