Charterers legal liability coverage
Term · Insurance and risk management · MLC-T-INS-000748
Protection for a party that leases a vessel against claims arising from their use of the chartered ship. This coverage addresses liabilities for damage to the vessel itself, cargo, or third-party property, as well as personal injury claims, that occur during the charter period. It is distinct from the vessel owner's hull and machinery or protection and indemnity insurance.
| Identifier | MLC-T-INS-000748 |
|---|---|
| Field | Insurance and risk management |
| Subject | Commercial Auto |
Record as JSON
{
"id": "MLC-T-INS-000748",
"term": "Charterers legal liability coverage",
"field": "Insurance and risk management",
"definition": "Protection for a party that leases a vessel against claims arising from their use of the chartered ship. This coverage addresses liabilities for damage to the vessel itself, cargo, or third-party property, as well as personal injury claims, that occur during the charter period. It is distinct from the vessel owner's hull and machinery or protection and indemnity insurance.",
"subject": "Commercial Auto",
"url": "https://mlchart.com/terminology/insurance/charterers-legal-liability-coverage/"
}
Record 534 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.