Posts Tagged ‘ADDITIONAL FORWARDINGCOSTSCLAUSE’

ADDITIONAL FORWARDINGCOSTSCLAUSE

Notwithstandinganythingcontainedhereinto thecontrarythisPolicyincludesexpensesproperlyand reasonablyincurredinunloading,storingandforwardingtheSubjectMattertotheoriginaldestinationorre- forwardingtoanyalternativedestinationat theAssured'soption,whentheinsuredtransitis frustrated, interruptedoris terminatedataportorplaceotherthanthattowhichthe SubjectMatterwasoriginally consignedor, in theeventof rejectionorprohibitionenactedafterthecommencementof transitbya governmentalbodyor authority. Claimsunderthisclausearelimitedto10%of thesuminsuredsubjecttoamaximumof USD50,000anyone lossorseriesoflossesarisingoutof oneevent.   Full story
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