GLOSSARY
FD&D (Freight Demurrage and Defence)
Freight Demurrage and Defence (FD&D) is a Class of insurance provided by a protection and indemnity (P&I) club that covers legal costs incurred by a shipowner in connection with claims arising from the operation of the ship.
Freight Demurrage and Defence (FD&D) is a Class of insurance provided by a protection and indemnity (P&I) club that covers legal costs incurred by a shipowner in connection with claims arising from the operation of the ship. The insured member obtains legal support and cover for legal costs up to USD 5 million in relation to disputes, arising from owning and operating a vessel, that fall outside other insurance cover.
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