Clagett L1465 C-051

Agreement Number: C-051
Risk Book: Clagett L1465
Ship Name: Nicholson
Page Number: 133
Point Of Departure: Liverpool|Congo River|Demerara
Amount Covered: 300
Premium: 4
Shipping and Goods: Goods
Broker: James Barnes
Captain: William Kermode
Ship Owner / Investor: John Shaw
Date: May 2nd, 1807
Voyage ID according to 82936

Narrative: On May 2, 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 Nicholson from Liverpool to Africa for the further objective of trafficking enslaved people. He underwrote £300 in risk at a premium of 4 percent. Clagett directly insured the goods to be traded for human lives. This is evidence of the dehumanizing commodification and speculation on the financial value of enslaved lives. The ship was owned by John Shaw and the agreement was brokered by James Barnes. The captain of the ship was William Kermode. This voyage is further detailed at as Voyage ID 82936.