Clagett L1465 C-005

Agreement Number: C-005
Risk Book: Clagett L1465
Ship Name: Bacchus
Page Number: 19
Point Of Departure: Liverpool
Point Of Arrival: Trinidad
Amount Covered: 300
Premium: 18
Shipping and Goods: G
Broker: James Barnes
Captain: Thomas Houghton
Ship Owner / Investor: John Weston
Date: March 6th, 1807
Voyage ID according to 80409

Narrative: On March 6, 1807 at the Lloyd’s Market in The Royal Exchange, Horatio Clagett was part of a group of underwriters who insured a voyage of the ship Bacchus from Liverpool to Africa to a market trafficking enslaved people. He underwrote £300 in risk at a premium of 18 percent. Clagett directly insured the enslaved against risk of loss as ‘goods’ or ‘cargo’. This is evidence of the dehumanizing commodification and speculation on the financial value of enslaved lives. The ship was owned by John Weston and Isaac Milburn and the agreement was brokered by James Barnes. The captain of the ship was Thomas Houghton. This voyage is further detailed at as Voyage ID 80409.