Posts Tagged ‘CURRENCY CLAUSE’

In case of a claim, the US$ exchange rate should be calculated based on the Average of 90 days immediately before the date of the accident, based on Central Bank  of Indonesia’s (BI) middle exchange rate. Full story

It is hereby understood and agreed that in case a claimable loss hereunder, if any is denominated in currency other than the currency stated in the Policy Schedule, then the conversion rate shall be the middle rate for Bank notes published by the Bank Indonesia on the date of agreement between the insurer and insured as to the amount of loss. Full story

CURRENCY CLAUSE It is hereby understood and agreed that in case a claimable loss hereunder, if any, if denominated in currency other than the currency stated in the Policy Full story