Freight Demurrage & Defence (FD&D) Insurance
FD&D Insurance is legal protection insurance which covers lawyers' fees and court costs for a variety of legal proceedings. These legal costs are generally not covered by marine hull or liability insurance.
Among other things, FD&D insurance covers the costs of defending or enforcing claims in disputes on the basis of the following contracts:
- Charter Party
- Carriage Contracts
- Bills of Lading
- Purchase Contracts
- Construction Contracts
- Employment Contracts
- others …
This insurance covers the costs arising from disputes relating to operation of the ship, but not the damage itself.