Comprehensive Project Insurance – Wordings & Clauses (download here)
- Wednesday, December 23, 2009, 17:46
- Comprehensive Project (CPI)
- 4 comments
Comprehensive Project Insurance
- CPI Policy Comprehensive Project Insurance
· CPI Clauses
Special insurance covers
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- 1200 Strike, riot and civil commotion
- 1201 Extra costs for airfreight
- 1202 Property insured taken into use or operation
- 1203 Liability consequent upon vibration, removal or weakening of support
- 1204 Guarantee maintenance 1205 Nuclear fuel elements 1206 Costs of decontamination
- 1207 Reactor pressure vessels with internals
- 1208 Costs for leak search
- 1209 Oil, gas and/or geothermal drilling rigs and equipment
- 1210 Delay in start-up following marine cargo
Special exclusions
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- 1230 Earthquake
- 1231 Flood or inundation
- 1232 Windstorm
- 1233 Crops, forests and cultures
- 1234 Dams and water reservoirs
- 1235 Removal of debris
- 1236 Directional drilling
- 1237 Drilling rigs and equipment
- 1238 Piling, foundation and retaining wall construction work
- 1239 Outright defects exclusion
- 1240 Outright faulty design exclusion
- 1241 Defective part only exclusion
- 1242 Tunnels, galleries and underground structures
- 1243 Normal action of the sea
- 1244 Marine and off-shore work
- 1245 Hydrocarbon processing industries 1
- 1246 Hydrocarbon processing industries 2
- 1247 Limited cover during the defects liability period
- 1248 Section lengths
- 1249 Betterment
- 1250 Exclusion during the defects liability period
Special conditions
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- 1260 Contract time schedule
- 1261 Structures in earthquake zones
- 1262 Underground services
- 1263 Fire protection
- 1264 Open trenches, pipes, cables and ducts
- 1265 Loss prevention in respect of flood and inundation
- 1266 Directional drilling
- 1267 Serial losses
- 1268 Erection of storage tanks
- 1269 Marine 50/50 loss sharing
- 1270 Flue gas purification plants
Source: The International Association of Engineering Insurers (IMIA)
Source: Munich Re
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IMAM MUSJAB has written 1869 stories on this site.
4 Comments on “Comprehensive Project Insurance – Wordings & Clauses (download here)”
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nice to know my friend
Please check link of CPI Policy and Clauses. Cannot access!
You may use this
https://www.imia.com/wp-content/uploads/2013/06/CPI-Policy.pdf