财产保险条款集89安装工程一切险条款(中英文)内容摘要:

9。 etat。 confiscation, requisition, destruction or damage by any action or order of any government de jure or de facto or by any public authorities。 strike, riot, civil motion。 2. intentional act or gross negligence of the Insured or his representative。 3. nuclear fission, nuclear fusion, nuclear weapon, nuclear material, nuclear radiation and radioactive contamination。 4. pollution of any kind or description whatsoever such as atmosphere, land and water pollutions。 5. cessation of work whether total or partial。 6. consequential loss of any kind or description whatsoever including penalties, losses due to delay or loss of contract。 7. the deductibles stated in the Schedule to be borne by the Insured. Ⅳ . SUM INSURED 1. It is a basic requirement of this insurance that the sums insured stated in the Schedule shall not be less than: For erection workthe full value of the insured project at the pletion of the erection including cost of equipments, materials, erection and construction, freight and premium, customs duty, any other dues and expenses, and the cost of materials or equipments supplied by the Principal。 For construction plant and equipmentthe replacement cost of the insured items by new ones of the same size and same capacity。 For other Items Insuredthe sums agreed upon between the Insured and the Company. 2. If the sum insured in respect of erection work is based on the estimated contract value stated in the erection contract, the Insured shall: immediately notify the Company in writing if the contract value including all expenses under this insurance exceeds the original insured contract value due to rise in price or increment, and the Company shall then adjust the sum insured accordingly。 keep a precise record in writing on the particulars of the work concerned during the period of insurance and allow the representative of the Company to inspect and examine such record at any reasonable time。 if the erection period of the insured project is longer than thirtysix ( 36) months, declare to the Company at an interval of every twelve ( 12) months from the inception date of the Policy, the actual amount of fund put into the project by the time of declaration as well as the new estimate contract value, if it is revised the Company shall adjust the premium accordingly。 provide the Company with the actual final contract value within three ( 3) months after the expiry date of this insurance, and any difference between the premium paid in advance and that payable shall be paid to or refunded by the Company as the case may be. Otherwise, the Company shall take it that the Sums Insured are less than the amounts required to be insured and in case of loss or damage falling within the Coverage, the indemnification shall be made proportionately according to the Provision ( 6) of the General Conditions of this Policy. Ⅴ . PERIOD OF INSURANCE Damage and Third Party Liability Insurance during the Erection Period: The liability of the Company shall mence notwithstanding any date to the contrary specified in the Schedule, directly upon mencement of the project or after the unloading of the insured project materials or equipments at the site and shall expire immediately after a certificate of pletion has been issued for part or whole of the insured project or part or whole of the insured project has been tested after pletion or actually occupied or put into service or taken over by the Principal, whichever is the earlier. In no case shall the effective date be earlier or expiry date be later respectively than both dates specified in the Schedule. Notwithstanding anything to the contrary contained in the contract concerned, the Company shall only be liable for loss or damage, expenses and liability caused or incurred by testing or missioning arising during the testing or missioning period stated in the Schedule. In the case of using secondhand items or equipments, the insurance to such equipments shall, however, cease immediately on the mencement of the test. Any extensions of the period of insurance shall be subject to the Company39。 s prior consent in writing. Otherwise, the Company shall not be liable for any loss or damage, expense and liability arising during the period from the expiry date of the erection period stated in the Schedule to the expiry date of the maintenance period specified below. 2. Material Damage Insurance during the Maintenance Period The period of insurance, being subject to the maintenance period specified in the insured contract, shall mence at the time when a certificate of pletion has been issued for part or parts of the insured project or part or parts of the insured project have been tested after pletion or actually occupied or put into service or taken over by the Principal, whichever is the earlier. It is however provided that, under no circumstances shall such period go beyond the maint。
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