1 The English word ‘prize’ or French ‘prise’ is derived from the Latin verb ‘prehendere’, which means ‘to seize’. In modern usage the term ‘prize’ means a ship or property captured at sea under the laws of war. A prize is a legal capture at sea during wartime. The concept of prize law arose in customary international law in connection with the seizure at sea of enemy property in naval warfare, which may include ships and cargo at sea during times of international armed conflict.2 Prize law is asserted in connection with belligerent rights during times of war. The...
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