case GODDART versus garret June Eq can ab pl S c one have no interest in the  ship lend pound on a bottomry bind and insure pound on the ship policy decree  to be deliver up one have no interest in a ship insure it the insurance be  void though the policy run interest or no interest but if he be interest in  the ship he may insure more than the value of his interest where one insure a  ship if he will have any benefit of the insurance he must renounce his  interest in the ship the defendant have lend money on a bottomrhea bind but  have no interest in the ship or cargo the money lend be pound and he insure  pound on the ship the plaintiff bill be to have the policy deliver up by  reason the defendant be not concern in point of interest as to the ship or  cargo cur take it that the law be settle that if a man have no interest and  insure the insurance be void although it be express in the policy interest or  not interest quaere yet et vide Harman v van Hatton post stat Geo d cap sect  sadler company v Badcock atk park on insurance Depaba v Ludlow comens Camden v  Anderson t r and the reason the law go upon be that these insurance be make  for the encouragement of trade and not that person unconcern in trade nor  interest in the ship shall profit by it and where one will have benefit of the  insurance he Vernon chancery case must renounce all interest in the ship and  the reason why the law allow that a man have some interest in the ship or  cargo may insure more or five time as much be that a merchant can tell how  much or how little his factor may have in readiness to lade on board his ship  and it be say that the usual interest allow on bottom rhea be pound per cent  per month and you may insure at or per cent for the voyage so if this practice  may be allow a man may be sure to gain pound or more per cent per cur decree  the policy of insurance to be deliver up to be cancel note that in this case  notice be take in the policy that it be to insure money on bottomrhea note  also that in this case the ship survive the time limit in the bottomrhea bind  and be lose within the time limit in the policy so if insurance good defendant  may be entitle to the money on the bind and also on the policy