Sabtu, 04 Mei 2013

DEFUNCT SPARES CLAUSE

It is hereby noted and agreed that in the event of spares currently insured hereunder and represented within the total sum insured under the Policy becoming obsolete following an indefinable loss to the unit and/or units to which they belong, such spares shall also be deemed a constructive total loss provided always that such parts cannot be used a spares for any other units within the premises of the Insured. Insurers retain salvage rights over such parts.
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