running down clause

Also known as: RDC clause

Learn about this topic in these articles:

ocean marine insurance

  • flooding caused by Hurricane Katrina
    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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