Q.What is three quarter clause with respect to marine insurance?

Answer 1 Answers

The only clause i can think of is the RDC - Running down Clause, Clause 8 of the Institute Time Clauses Hull.

Under the English Law, the H&M policy contains a clause which limits the liability of the insurer in case of a collision with another vessel to 3/4 of the damage to the other vessel. The H&M policy is extended in this case to cover also liability to third party (the other vessel) according to the apportioned liability between the parties.