ADDITIONS AND DELETIONS` AVN 17A 1.10.96

 

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