The following excerpt is from Allen N. Spooner & Son, Inc. v. Connecticut Fire Ins. Co., 314 F.2d 753 (2nd Cir. 1963):
Although we have found no authority directly in point, the few decisions interpreting the words "owner" and "master" lend support to our conclusion. In Read v. Agricultural Ins. Co., 219 Wis. 580, 263 N.W. 632 (1935), where plaintiff sued on a policy of marine insurance containing an "Inchmaree" clause, the court said:
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