CONTAINER DEMURRAGE CLAUSE

This policy shall cover demurrage charge and/or late penalties assessed against, and paid by, the assured or late return of containers when said containers are retained by the assured at the instruction of the underwriters for inspection by the underwriters surveyor or in investigation of loss or damage under this policy. The time period for whiich underwriters shall be liable for said charges and/or pinalties shall begin at the time the underwriter instruct the assured to retain the containers for inspectionand end at the time the underwriters surveyors instructs the assured to return the containers.

 

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