MANTON, Circuit Judge.
The United States Shipping Board had two self-insurance funds, one covering hull risks and the other covering protection and indemnity risks; on July 1, 1929, it discontinued the latter and entered into a contract with the appellants to cover those risks under the provisions which had governed its own insurance fund so that the coverage by the appellants was the same.
Its ship Schodack was covered by this contract. On June 2, 1931, while...
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