ADDITIONS AND DELETIONS`
(Applicable to Hulls only)
1. The insurance afforded by this Policy is
automatically extended to include at pro rata additional premium further
Aircraft added during the currency of this Policy provided such Aircraft are
owned or operated by the Insured and are of the same type and value as Aircraft
already covered hereunder.
2. The inclusion of additional Aircraft of
other types or different values shall be subject to special agreement and
rating by Insurers prior to attachment.
3.
Aircraft which have been sold or disposal
of shall be deleted from this Policy and the Insured shall be entitled to pro
rata return of premium provided no claim has arisen and become payable under
this Policy in respect of such Aircraft, and that this Policy is not cancelled
by virtue of such deletion.
ALWAYS
PROVIDED THAT:-
(i) Notwithstanding the foregoing provisions
for additions and deletions the premium in respect of each separate period of
Flight Risk Insurance on any Aircraft covered during the currency of this
Policy shall in no case be less than fifteen days' pro rata premium.
(ii) In the event of a claim arising in respect
of any Aircraft added hereto being settled on a total loss basis the full
twelve months' premium shall be paid hereunder in respect of such Aircraft.
(iii) Notice of the addition or deletion of any
Aircraft under the provisions of Paragraphs 1 and 3 respectively shall be given
to the Insurers or their representatives in writing within ten days of
attachment or deletion.
AVN 17A
1.10.96
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