Sabtu, 01 Juni 2013

EXPEDITING EXPENSES CLAUSE

The insurance by this policy is extended to cover any extra cost incurred in respect of express delivery airfreight, overtime Sunday and Holiday rates of wages in connection with repairs or replacements indemnifiable by this policy. The liability of the insurers under this Endorsement shall in no case exceed ten percent of the amount which the repair or replacement would have cost if these expenses had not been incurred. Subject otherwise to the terms exceptions and conditions of this policy.

OPTION 2
In the event of loss or damage to the property Insured or any part thereof the cost of any repair replacement or rectification admitted under this policy shall include the additional costs of overtime weekend and shift working bonus payments plant hire charges express delivery (including airfreight) and the like necessarily and reasonably incurred in expediting such repair replacement or rectification but excluding any such costs solely to expedite the completion of any construction erection or installation of property not lost or damaged.
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