FREIGHT, DEMMURAGE & DEFENCE

This type of insurance covers the legal costs and expenses, which a Shipowner is incurs due to a dispute arising under the Charter Party or as a result of a dispute with any party related to the carriage of the goods for which a vessel was chartered.

The reasonable legal costs and expenses are covered in respect of claims and disputes in connection with: hire or off-hire, freight, deadfreight, detention, laytime, demurrage, despatch or any other claim or dispute under the Charter Party, Bill of Lading or another contract of carriage in respect of the Insured Vessel.

It is at Club’s managers discretion as to which risks/expenses would be covered.