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In 1971, Cutty Sark offered an award of one million pounds ($2.4 million) to anyone who could capture the Loch Ness Monster. But, the whiskey manufacturer began to get cold feet, so it asked Lloyds of London to underwrite the contest. The insurance company agreed, with the condition that it would get to keep Nessie.
The contract between Lloyds and Cutty Sark stated:
"As far as this insurance is concerned, the Loch Ness Monster shall be deemed to be:
1. In excess of 20 feet in length.
2. Acceptable as the Loch Ness Monster to the curators of the Natural History Museum, London.
In the event of loss hereunder, the monster shall become the property of the underwriters hereon."