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They granted loans to merchants with the understanding that

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They granted loans to merchants with the understanding that if a particular shipment of goods was lost at sea,the loan didn't have to be repaid.
During periods of heavy piracy at sea,for example,the amount of interest and the cost of the policy went up considerably.
Even the most cautious merchants became willing to risk shipping their goods over long distances,not to mention in hazardous weather conditions when they had this kind of protection available.
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他们获得贷款,商人的理解,如果某一特定的货物是在海上失踪了,没有被偿还.
沉重的时期,例如海盗在海上的利息,和成本大幅上升的政策.
即使最谨慎的商人甘愿危险货物运输的远距离的,更不用说在恶劣的天气条件时,他们有这样的保护.