A B C D E F G I J K L M O P R S U W Y
Da De

Damages

A monetary amount claimed and awarded to a person for loss or injury to the person or the person´s property. Various types of damages may sought depending on the circumstances of the injury or loss, including: Actual: compensation for amounts…

Read More

Del credere

As relates to international commercial agency relationships, a del credere agent is one who guarantees the ability to pay prospective clients he or she has brought to the principal; in exchange, the del credere agent is usually accorded a higher…

Read More

Delay clause

An insurance policy clause that excludes claims for loss of market and for loss, damage or deterioration arising from delay. This exclusion appears in almost every marine cargo insurance policy. Insurance underwriters are exceedingly reluctant to assume any liability for…

Read More

Deviation clause

An insurance term meaning that coverage will apply even if the vessel or voyage or interested parties unintentionally stated incorrectly or if actual transportation deviated from the intended routing, or was interrupted through no fault of the assured.

Read More