Selasa, 09 April 2013

Klausa: Accumulation of Stock Clause

In adjusting any loss account shall be taken and equitable allowances made if shortage in turnover due to the damage is postponed by reason of the turnover being temporarily maintained from accumulated stocks either at the Department Branch of Factory effected or from accumulated stocks at other branch department of factories of the group

OPTION 2
In adjusting any loss account shall be taken and an equitable allowance made if any shortage in Turnover due to the damage is postponed by reason of the Turnover being temporally maintained from accumulated stocks of finished goods.

OPTION 3 (for BI)
Provided that indemnity period stated in the schedule is 12 months or more, then:
In adjusting any claim, account shall be taken and an equitable allowance made if during the indemnity period turnover is temporarily maintained for accumulated stocks held by the insured, thus causing a shortage of stock after the indemnity period has expaired.
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