running down clause

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running down clause

Also known as: RDC clause

Learn about this topic in these articles:

ocean marine insurance

In insurance: RDC clause
The RDC, or “running down” clause, provides coverage for legal liability of either the shipper or the common carrier for claims arising out of collisions. (Collision loss to the vessel itself is part of the hull coverage.) The RDC clause covers negligence of…
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