Which of the following is covered under the running down clause?

Prepare for the Florida 4-40 Customer Representative License Test. Utilize flashcards and multiple choice questions with hints and explanations. Be ready to excel in your exam!

The running down clause is a provision found in marine insurance policies that provides coverage for damage caused by one vessel to another vessel, or to the property of others, in the event of a collision. This clause is essential in maritime law as it addresses the liability that a vessel may have if it causes damage during its operation at sea.

In this context, the correct answer pertains specifically to damage inflicted to another vessel. This scenario aligns perfectly with the purpose of the running down clause, which is designed to protect the interests of the party that suffers damage in a collision incident. The clause ensures that the owner of the vessel responsible for the damage can be held accountable and provides a means for the affected party to seek compensation for their losses.

The other options do not fall under this specific clause. General wear and tear of the vessel refers to the natural deterioration that occurs with use and is typically not covered by insurance policies. Loss of cargo during transit concerns the transportation of goods, which would be governed by different clauses or types of insurance. Weather-related damages relate to natural events affecting the vessel or cargo and would also be covered under separate provisions rather than the running down clause. Each of these areas addresses different facets of marine insurance and liability, reinforcing why damage inflicted on another

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