MR115 – Cover for Designer’s Risk and MR200 – Cover of Manufacturer’s Risk
- Monday, December 10, 2012, 16:18
- Contractors’ All Risks (CAR), Erection All Risks (EAR)
- Add a comment
MR115 – Cover for Designer’s Risk and MR200 – Cover of Manufacturer’s Risk – Please download here
MR115 – Cover for Designer’s Risk
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, exclusion c under Special Exclusions to Section l of the Policy shall be deleted and exclusion d replaced by the following wording:
d) The cost of replacement, repair or rectification of loss of or damage to items due to defective material and/or workmanship and/or faulty design, but this exclusion shall be limited to the items immediately affected and shall not be deemed to exclude loss of or damage to correctly executed items resulting from an accident due to such defective material and/or workmanship and/or faulty design.“
MR200 – Cover of Manufacturer’s Risk
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, lit c under “Special Exclusions to Section I” shall be replaced by the following wording:
“c all costs related to repair and/or replacement of parts and/or items directly affected by faulty design, defective material or casting, bad workmanship other than faults in erection, which the Insured would have incurred for rectifying the original fault had such fault been discovered before the loss occurred;”
This Endorsement does, however, not apply to parts and items of civil engineering sections.
About the Author
IMAM MUSJAB has written 1753 stories on this site.
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
