Running Down Clause


Definition of "Running down clause"

Manuel Rodriguez real estate agent
Manuel Rodriguez, Real Estate Agent La Rosa Realty LLC

Coverage in liability insurance for a ship owner in the event of collision with another ship. A running down clause, when added to basic hull marine insurance, protects against liability for damage to the other vessel, its freight and cargo, and for lost income to the other vessel's owner during the time it cannot be used.

 

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