Contract Disputes and Legal Costs Insurance (FD&D)
Legal and advisory protection for commercial disputes in maritime operations.
FD&D insurance provides essential legal and advisory protection for shipowners, charterers and operators when commercial disputes arise. It covers the legal costs of pursuing or defending claims related to charterparties, bills of lading, freight, hire, demurrage, off-hire, cargo handling disputes, bunker quality issues and many of the commercial challenges encountered during vessel operations.
Via the mainstream IG Clubs and commercial market P&I insurers, FD&D provides access to maritime lawyers, claims handlers and dispute-resolution experts who understand the technical, operational and contractual realities of the shipping market. Whether negotiating charterparty terms, handling unpaid hire or demurrage, addressing bunker disputes, or managing operational disagreements, FD&D allows clients to respond from a position of strength.
Typical cover ranges from USD 2 million limit per dispute to USD 5M per dispute.
Coverage Offered
- Charterparty disputes
- Bills of lading and freight disputes
- Demurrage and off-hire claims
- Cargo handling disputes
- Bunker quality issues
- Access to maritime lawyers and claims experts