Section 458 Of Article 1. Bottomry From California Harbors And Navigation Code >> Division 3. >> Chapter 2. >> Article 1.
458
. If there is a total loss of the thing hypothecated, from a
risk to which the loan was subject, the lender upon bottomry can
recover nothing; if a partial loss, he can recover only to the extent
of the net value to the owner of the part saved.