Clagett L1465 C-038

Agreement Number: C-038
Risk Book: Clagett L1465
Ship Name: Royal Edward
Page Number: 158
Point Of Departure: Liverpool
Point Of Arrival: Africa/Market
Amount Covered: 300
Premium: 15
Shipping and Goods: G
Broker: James Barnes
Captain: Richard Burrows
Ship Owner / Investor: Joseph Lyon
Date: February 23rd 1807
Voyage ID according to 83429

Narrative: On February 23, 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 Royal Edward from Africa to a Market trafficking enslaved people. He underwrote £300 in risk at a premium of 15 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 Joseph Lyon and Ellis Leckonby and the agreement was brokered by James Barnes. The captain of the ship was Richard Burrows. This voyage is further detailed at as Voyage ID 83429.