What Does Running Down Clause Mean?

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

Running Down Clause

Running Down Clause

An ocean marine hull policy clause adding legal liability coverage for damage done to another ship or its cargo resulting from a collision with, and caused by, the insured vessel.

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

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