English to German Bus/Financial Insurance Seeversicherung

Loss of engagements refers to loss of use of a ship or loss of hire of a ship. The 'collision liability' clause in a hull & machinery policy covers, subject to limits expressed therein, the assured's liability for loss of engagements suffered by the other vessel. But the policy does not cover loss of engagements suffered by the insured vessel. The hull assured's insurable interest in loss of engagements suffered by his own ship may be insured by P & I club. (Robert Brown, Witherby's Encyclopaedic Dictionary of Marine Insurance, 2005, p. 476)