Freight, Demurrage, and Defense Insurance

Freight, Demurrage, and Defense Insurance, often part of marine insurance, covers specific shipping-related risks. "Freight" refers to earnings from transporting goods; this insurance protects against loss of that income. "Demurrage" is the charge for delays in loading or unloading a ship; this coverage helps protect against financial loss due to such delays. "Defense" refers to legal expenses related to shipping disputes. Together, this insurance safeguards shipowners and operators against various financial challenges that can arise during the transportation of goods by sea.