AVN 4A

COMPONENT PARTS CLAUSE


It is understood and agreed that in the event of loss or damage to any Component Part of the Aircraft detailed below Insurers' liability shall not exceed the percentage of the total value of the Aircraft as shown in the Policy Schedule relating to that Component Part as shown on the Scale attached to this Clause. Such percentage shall include the cost of labour, material, replacement part, transportation and other incidental charges incurred in reinstating such loss or damage but the cost of transportation shall not exceed 15 per cent of the total value set against the Component Part.

The Insurers will in addition pay the cost of dismantling, inspecting, reassembling and transportation of undamaged parts as may be necessary and the test flying of the Aircraft up to 5 per cent of any admitted claim hereunder but not exceeding 2 per cent of the value of the Aircraft as stated in the Policy Schedule. Provided always that the total liability of the Insurers shall not exceed the value of the Aircraft as stated in the Policy Schedule.

In the event that a Component Part is no longer available the liability of the Insurers shall be limited to the percentage values as detailed on the attached Scale or the manufacturer's last published list price for such Component Part whichever is the lesser.

It is understood and agreed that, except as specifically provided in the foregoing to the contrary, this Clause is subject to the terms, exclusions, conditions and limitations of the Policy to which it is attached.


Aircraft ................................................................. Registration ..............................

AVN 4A 4.2.02


SPECIMEN

Aircraft .............................………………………… Registration ……….....................
SCALE

SPECIFIED COMPONENT
QUANTITY PERCENTAGE OF AIRCRAFT VALUE
EACH ALL








AVN 4A 4.2.02