What is covered by the running down clause in ocean marine policy?

The running down clause in an ocean marine policy specifically addresses the coverage for collision damage caused by a vessel that is under the policy. This clause provides protection for damages that occur as a result of colliding with another vessel. It ensures that the insured party will be covered for the liabilities incurred when their ship is at fault and damages another ship, making it an essential aspect of marine insurance for vessel operators.

In contrast, while other aspects of maritime operations – such as passenger injuries, damage to docks, and loss of crew wages – are significant, they fall under different coverage scenarios or clauses within a marine insurance policy. Therefore, the protection offered by the running down clause is distinctly focused on the liability for collisions with other vessels.