Archive for the ‘N-Clauses’ Category

No Lay Up Return / Cancelling Returns Only Notwithstanding anything contained herein to the contrary, It is hereby understood and agreed: 1. No premium shall be returned if the vessel is laid up neither under repair or not under repair in a port or in a lay-up area. 2. To return a pro rata monthly net for each uncommenced month if this insurance be cancelled by agreement. Tidak Ada ... Full story

In the event of Damage occurring at the Premises before the completion of the first year's trading of the Business the terms 'Rate of Gross Profit', 'Standard Turnover' and 'Rate of Pay-Roll' shall bear the following meanings and not as within stated: - Rate of Gross Profit: The rate of Gross Profit earned on Turnover during the period between the date of ... Full story

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of any loss or damage totally or partially resulting from adverse sea conditions unless according to the records available the return period of such sea conditions at the Project Site is higher than the return period ... Full story

It is hereby understood and agreed that if more than one Policy issued by Us applies to a Claim, thenOur maximum aggregate liability under such policies combined, with respect to such Claim shall be the largest of such applicable limit of indemnity. For the avoidance of doubt, this endorsement is applicable to the following policies only: Insured Organisation   Policy Number Full story

It is hereby understood and agreed that theLimit of Indemnity of this Policy shall be non-cumulative with other insurance policies issued by Us and the respective Limits of Indemnity of such other policies shall not increase by virtue of the existence of such other policies. In the event of a Claim arising where more than one policy is issued by Us, then Our maximum Limit ... Full story

It is hereby understood and agreed that We will cover You for Claims arising from Your activities as project managers, provided that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: (a)  any failure to effect or maintain insurance or advice on insurance; or (b)  any advice on investment, financial or tax matters; or (c)   any negligence ... Full story

It is hereby noted and agreed that in the event of a claim, loss adjusters to be selected from the following panel: RADITA HUTAMA INTERNUSA AJIPRASASTI And the report should be given to the relevant underwriter Full story

It is understood and agreed that the insurers will be under no liability in respect of Compensation for injury loss or damage in respect of judgements delivered or obtained otherwise than through a court of competent jurisdiction within the Republic of Indonesia. Costs and expenses of litigation recovered by any claimant from the insured which are not incurred and recoverable in the Republic of Indonesia. ... Full story

This Policy is extended to cover the Insured’s legal liability for death and or bodily injury to third party and loss and or damage to third party’s property arising out of the usage of non-owned and hired automobiles by the Insured in the course of their business provided that such liability is not already insured and indemnified by any other policy. Full story

It is hereby declared and agreed that the insurance under this policy shall include undiscovered loss or damage the interest may have incurred during the transit in the event of packages not being opened within 60 days after arrival at final destination. Warranted that any package which is delivered in an externally damage condition will be opened and examined immediately. Full story

This Policy is extended to cover the Insured’s legal liability for death and or bodily injury to third party and loss and or damage to third party’s property arising out of the usage of non-owned and hired automobiles by the Insured in the course of their business provided that such liability is not already insured and indemnified by any other policy.   Full story

It is especially agreed that the Insurer will return to the Insured 5 % of the Premium Paid Provided that there are no claims whatsoever payable hereunder and occurring the period of Insurance.  This return of Premium to be offset against the renewal due for the subsequent year.   Full story

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.... Full story

This policy does not cover loss of or damage to the Insured property caused by normal tidal action. Full story

On the happening of any damage in consequence of which a claim is in may be made under this Policy, the Insured shall forthwith give notice thereof to the Company and shall with due diligence to and concur in doing and permit to be done all such acts and things as may be necessary or reasonably practicable to minimize or check ... Full story

In the event of Damage occurring at the Premises before the completion of the first year’s trading of the Business the terms “Rate of Gross Profit”, “Standard Turnover” and “Rate of Pay-Roll” shall bear the following meanings and not as within stated : Rate of Gross Profit : The rate of               ... Full story

It is hereby agreed that this insurance shall not be invalidated by any change of occupancy or increase of risk taking place in the property insured without the insured’s knowledge provided the Insured shall notify the Insurers within 7 (seven) calendar days they become aware and to pay additional premium if required from the date of the inception of the change ... Full story

The present situation, manner of connection, construction, nature and interior of the buildings and also the trade carried on therein, is known to us Full story

It is hereby noted and agreed that this policy cannot be cancelled or suspended for whatever reason without the Insured company giving the Insured’s Broker 30 days written notice of such intention. Full story

The Insurance Company undertakes to obtain the mortgagee’s consent prior to their cancellation of this section if instructions have been received for the cancellation of this section and also to advice the mortgages immediately of any other material changes which are proposed to be made in the terms of the insurance. However the company reserve the right to cancel the section ... Full story

It is hereby agreed that this insurance shall not be invalidated by : Any change of occupancy or increase of risk taking place in the property insured without the Insured’s knowledge provided that they shall, immediately on the same coming to their knowledge, advise the insurers and pay any additional premium that may be required from the ... Full story

It is understood and agreed that Insurers will indemnify the Insured in respect of any expense liability loss claim or proceedings which the Employer may incur or sustain by reason of loss of or damage to any property caused by collapse subsidence heave vibration weakening or removal of support or lowering of ground water arising out of or in the course ... Full story

It is hereby noted and agreed that in the event of a claim, loss adjusters to be selected from the following panel: PT. RADITA HUTAMA INTERNUSA PT. AJIPRASASTI And the report should be given to the relevant underwriter. Full story

Notwithstanding anything contained in this Policy to the contrary, it is hereby noted and agreed that this insurance shall not be subject to automatic renewal for any further period of insurance upon the expiry date.   Full story

This Insurance shall not be prejudiced by the failure of the Insured to comply with any warranty or condition conditioned in any form or endorsement attached to this Policy with  regard to any portion of the Premises over which the Insured has no control. Full story

In the event of Damage occurring at the Premises before the completion of the first year’s trading of the Business the terms “Rate of Gross Profit”, “Standard Turnover” and “Rate of Pay-Roll” shall bear the following meanings and not as within stated : Rate of Gross Profit : The rate of                                      ) to which such adjustment... Full story

It is hereby noted and agreed that this policy cannot be cancelled or suspended for whatever reason without the Insurance Company giving the Insured’s Broker 14 days written notice of such intention. Full story

Notwithstanding any other condition in this policy relating to contribution, it is expressly understood and agreed that the Insurers under this policy waive and forego any rights to contribution by any other policy or policies which may be effected by the Insured (as more fully described in Memorandum 1) or any one of them. Full story

This Policy is extended to cover the Insured’s legal liability for death and or bodily injury to third party and loss and/or damage to third party’s property arising out of the usage of non-owned vehicle and hired automobiles by the Insured in course of their business provided that such liability is not already insured and indemnified by any other policy. Full story

This policy is extended to include the Insured’s legal liability directly arising from accidents in connection with the insured’s advertising and neon signs located anywhere in the Republic of Indonesia. Provided that the Company’s liability as aforesaid shall in no case exceed the Limit of Indemnity specified in this Policy. Full story

Pencantuman klausul Non-Invalidation Clause, Breach of Warranty Clause telah membawa implikasi serius atas klaim pada suatu polis Warranty: - apa yang dimaksud dengan Warranty? MIA 1906: Nature of warranty (1)A warranty, in the following sections relating to warranties, means a promissory warranty, that is to say, a ... Full story

NON-INVALIDATION CLAUSE It is hereby agreed that this insurance shall not be invalidated by: Full story

NOTIFICATION CLAUSE The present situation, manner of connection, construction, and nature and interior of the building and also the trade carried on therein, is known to us. Full story