AVN 24

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