Thursday, August 15, 2024

AVN 24 1.10.96 BURNING COSTS CLAUSE

 

AVN 24  1.10.96  BURNING COSTS CLAUSE

 

The Premium to be paid to Insurers hereon shall be calculated at a provisional Rate of       0000% per annum on the insured value of the Aircraft. As soon as practicable after the total claims (including claims expenses less salvages and/or refunds and/or recoveries) payable under this Policy are ascertained, the above mentioned Rate of         % shall be adjusted so that the total gross Premium under this Policy is equal to         % of the total claims (including claims expenses less salvages and/or refunds and/or recoveries) subject however to a minimum annual Rate of        % and a maximum annual Rate of          %.

 

AVN 24  1.10.96

 

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