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janaMB insurance clause(英文版)

作者:高考题库网
来源:https://www.bjmy2z.cn/gaokao
2021-01-22 22:56
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2021年1月22日发(作者:分析力学)
THE PEOPLE

S INSURANCE (PROPERTY) COMPANY OF CHINA
MACHINERY BREAKDOWN INSURANCE CLAUSE

This
Policy
comprises
mainly
the
Schedule,
Scope
of
Cover,Exclusions, Treatment of Claim,Insured's Obligations, General
Conditions
and
Special
Provisions,
including
also
the
Proposal
of
Insurance
together
with
its
attachments
as
well
as
any
additions
to
be made, from time to
time, by the Company in the form of

Endorsement.

I. SCOPE OF COVER

The Company shall indemnify the Insured in respect of the physical
loss
of
or
damage
to
themachinery
and
its
associated
equipment
insured during the period of insurance arising from any sudden and
unforeseen accident caused by:
1. faulty design, faults at workshop or in erection, defects in casting
and material;
2. faulty operation, lack of skill, bad workmanship, negligence, faults
and malicious acts on the part of workers or technicians;
3. tearing apart on account of centrifugal force;
4.
overloading,
overvoltage,
electric
line
contact,
arcing,
leakage
of
electricity,
short-circuit,
atmospheric,

inductive
electricity
and
other
electric phenomena;
5.
any
other
events
than
those
enumerated
in
Exclusions
under
Article II hereinafter.

II. EXCLUSIONS

The
Company
shall
not
be
liable
for
loss
or
damage
or
expenses
arising directly or indirectlyfrom the following causes:
1.
physical
or
chemical
reaction
such
as
wear
and
tear,
cavitation,
erosion,
corrosion,
rust
or
boiler
scale
as
a
direct
consequence
of
ordinary use or operation;
2.
loss
of
or
damage
to
belts,
ropes,
wires,
chains,rubber
tires,
exchangeable
dies,rods,tools,
engraved
cylinders,
sleeve,
moving
pipes,
objects
made
of
glass,
porcelain,
ceramics,
felts,
sieves
or
fabrics,
all
operating
media(
e.g.
lubricating
oil,
fuel,
catalysts)
and
other vulnerable and consumable parts;
3.
faults
or
defects
existing
in
the
machinery
and
its
associated

1
THE PEOPLE

S INSURANCE (PROPERTY) COMPANY OF CHINA
equipment
at
the
commencement
of
the
insurance
which
ought
to
have been known or were known to the Insured or his representative;
4.
loss
or
damage
or
expenses
for
which
the
supplier
or
manufacturer
or
installer
or
repairer
is
responsible
either
by
law
or
under contract;
5. failure of supply of electricity, gas, water caused
by
restriction
or
willful act of public utilities or by other non-accidental events;
6. fire and explosion;
7.
earthquake,
tsunami,
thunder
and
lightning,
hurricane,
typhoon,
tornado,
storm,
tempest,
flood,
hailstorm,
landslide,
rockslide,
avalanche,
volcanic
explosion,
subsidence
of
ground
and
other
natural hazards;
8. crashing aircraft and parts or articles falling from aircraft and other
flying objects;
9. impact by the motor vehicle;
ng of water tank or pipe;
ional
act
or
gross
negligence
of
the
Insured
or
his
representative;
,
warlike
operation,
hostilities,
armed
conflicts,
terrorism,
conspiracy insurrection, coup d'etat, strike, riot and civil commotion;
cation,
requisition,
destruction
or
damage
by
any
action
or
order
of
any
government
de
jure
or
de
facto
or
by
any


public

authorities;
r fission, nuclear fusion, nuclear weapon, nuclear material,
nuclear radiation and radioactive contamination;
uential loss or damage or liability of any description arising
out of an insured event;
deductible stated in the Schedule to be borne by the Insured.

III. SUM

INSURED

It
is
a
requirement
of
this
insurance
that
the
sum
insured
shall
be
equal
to
the
cost
of
replacement
of
the
insured
machinery
by
new
machinery of the same kind and same capacity, which shall mean its
replacement
costs
including
its
cost,

freight,premium,
dues
and
customs duties,
if any,

and erection costs.

IV. RETURN OF PREMIUM


2
THE PEOPLE

S INSURANCE (PROPERTY) COMPANY OF CHINA
If
the
insured
boilers,
turbines,
steam
engines,
generators
or
diesel
engines are at a standstill for a continuous period of more than three
months ( including any period of overhauling but excluding any period
of repair due to loss or damage under this Policy ), the Insured shall
be
entitled
to
a
return
premium
in
accordance
with
the
undermentioned scale:


Continuous Period of Standstill












Return Premium



(a) 3 months to 5 months












5% of the annual premium



(b)
6
months
to
8
months











25%
of
the
annual
premium



(c)
9
months
to
11
months










35%
of
the
annual
premium



(d)
throughout
the
year













50%
of
the
annual
premium
The
above
scale
shall
not
apply
to
machinery
used
in
seasonal
factories.

V. TREATMENT OF CLAIM

1. The Company shall, at its option, indemnify the Insured in respect
of
loss
of
or
damage
to
the
insured
machinery
either
by
way
of
payment in cash or by way of repair or replacement of the items lost
or damaged; nevertheless, the extra cost of any alterations, additions
or
improvements
occurring
in
the
course
of
repair
or
replacement
shall not be recoverable under this Policy.
2.
In
case
of
any
loss
of
or
damage
to
the
insured
machinery
recoverable the Company shall ascertain the indemnity on the basis
as follows:


2.1 In case of damage which can be repaired, the Company shall
pay the cost of repairs, new for old if any, necessary
to
restore
the
damaged
item
to
its
nearest
condition
immediately
preceding
the
damage
after
deducting
the
salvage
value.
If,
however,
the
cost
of
repairs
equals
or
exceeds
the
value
of
the
item
immediately
before
the
occurrence
of
the
damage,

the
settlement
shall
be
made
according to the provisions

2.2.


2.2 In case of a total or constructive total loss, the Company shall
pay the amount of the actual value of the insured items immediately
before the occurrence of the loss after deducting the salvage value.
However,
the
Company
may,
at
its
option,decline
the
abandonment
of any damaged machinery by the Insured.

3

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