Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where the subject - matter is insured by a voyage policy at and from or from a particular place, it is not necessary that the ship should be at that place when the contract is concluded, but there is an implied condition that the adventure shall be commenced within a reasonable time, and that if the adventure be not so commenced the insurer may avoid the contract.
(2) The implied condition may be negatived by showing that the
delay was caused by circumstances known to the insurer before the contract was
concluded, or by showing that he or she waived the condition.