| bottomry and respondentia (1124 words) |
 | In addition, bottomry cases, which were all the rage in the 17th century, gradually faded out by 1700 due to the development of new financial instruments and partnerships arrangements, thus making unnecessary the pledging of the exorbitant premiums in order to secure loans on a ship. |
| Bottomry credit was also available in the 17th century for emergencies, such as enabling a 17th century sea captain to get out of a Tenerife prison in order to return with goods to England to pay off a previous purchase of wheat. |
| Bottomry cases were also decided expeditiously (average of about six months), though the fees paid by the losers generally exceeded those in the common law courts. |
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