What Does Delay Clause Mean?

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What does Delay Clause mean? Read on to discover the definition & meaning of the term Delay Clause - to help you better understand the language used in insurance policies.

Delay Clause

Delay Clause

A delay clause is a condition found in many marine cargo insurance policies that absolves the insurance company of any responsibility for any loss or damage because of a delayed voyage. This includes loss of market.

We hope the you have a better understanding of the meaning of Delay Clause.

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