The FD&D Insurance policy Covers the costs arising from disputes relating to operation of ships, but not the damage itself.
What it covers?
- Charter parties
- Contracts of Carriage
- Bills of Lading
- Contracts of Affreightment
- Vessel building contracts
- Vessel sale and purchase contracts
- Vessel repair contracts
- Vessel agency, stevedoring, towage, and salvage contracts
- Insurance broking, ship broking and management service contracts
- Bunker and necessaries contracts
- Crew contracts
- Marine insurance contracts
What it does not cover?
- Claims in respect of which the Assured is or could have been covered by any other insurance contract, e.g. P&I Insurance