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Completely Built-Up (CBU) Motor Vehicle Mandatory Clause

Notwithstanding anything herein contained to the contrary, It is hereby noted and agreed that in respect of a `Completely Built-Up' Motor Vehicle is subject to the following provisions: If immediately prior to the loss/damage, the Sum Insured is equal to or higher than the CIF price of a similar vehicle (Completely Built Up Motor Vehicle) plus import duties, then the basis ... Full story
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