Posts Tagged ‘RESIDUAL VALUE CLAUSE’

RESIDUAL VALUE CLAUSE

The Insured is allowed to retain the temporary buildings, temporary plant, temporary installation of second hand machinery, possibly the complete fitting up of other premises, installation of electric motors, cables, switch gears, pipe line, conveyor, etc, that are purely as a temporary measures because of their future value to the Insured’s operation in order to benefit turnover for a period after ... Full story
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