Section 9. Defeasible or contingent interest

9. Defeasible or contingent interest.— (1) A defeasible interest is insurable, as also is a contingent interest. (2) In particular, where the buyer of goods has insured them, he has an insurable interest, notwithstanding that he might, at his election, have rejected the goods, or have treated them as at the seller's risk, by reason of the latter's delay in making delivery or otherwise. 10. Partial interest.— A partial interest of any nature is insurable. 9. Thieves.— The term "thieves" does not cover clandestine theft or a theft committed by any one of the ship's company, whether crew or passengers.