Marine Insurance Act, 1963
70. Partial loss of freight
Subject to any express
provision in the policy, where there is a partial loss of freight, the measure
of indemnity is such proportion of the sum fixed by the policy in the case of a
valued policy or of the insurable value in the case of an unvalued policy, as
the proportion of freight lost by the assured bears to the whole freight at the
risk of the assured under the policy.