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Vessel chartered-Explosion and fire on board-Charter abandoned-Election by owners to repair although cost of repairs exceeded insured value- Claim for partial loss paid by hull underwriters-Claim by shipowners to recover amount underwritten by freight policy on ground of constructive total loss of steamer, based on Institute Time Clauses (Freight) No. 5-Meaning of "constructive total loss"-Necessity for abandonment-Marine Insurance Act, 1906, Sects. 60, 61, 63.