It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1:
Insurers will not indemnify the Insured in respect of any loss or damage totally or partially resulting from adverse sea conditions unless according to the records available the return period of such sea conditions at the Project Site is higher than the return period stated below.
Sea conditions shall mean waves caused by storm including but not limited to tropical cyclone, typhoon, hurricane. The parameter to be used shall be recorded heights of the significant wave measured by the observation station(s) stated below.
The burden will be on the Insured to demonstrate that this exclusion shall not apply.
Return period: ………. years
Observation station(s): …………………………………………………………………………………………………………..
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