samplke of SHIP REPAIRERS’ LIABILITY INSURANCE

 

COVERNOTE / PLACING SLIP

No. __________________

 

 

TYPE                            :    SHIP REPAIRERS’ LIABILITY INSURANCE

 

WORDING                      :    SHIPREPAIRERS’ LIABILITY CLAUSE + CLAUSES

 

INSURED(S)                    :    XXXXXXX as the first Owner of the Insured and/or as the Consultant of the Ship Builder & Graving Dock and/or its subsidiaries companies and/or any purchaser of any individual unit (s) of the insured property or its Lawful Equivalent for their respective rights and interest.

 

ADDRESS                       :    XXXXXX

 

PERIOD                         :    XXXXXX at 12.00 noon local time Both dates inclusive

 

RISK LOCATION              :    XXXXXX

 

OCCUPATION                 :   Ship Builder &  Graving Dock and/or Shipbuilding Industry and/or any other activities related thereto.

 

INTEREST INSURED         :    All sums which the Insured shall become liable to pay for reason of the legal liability of the Insured as ship repairers for :

1.    loss or damage to any vessel or craft which is in the care, custody or control of the Assured for the purpose of being worked upon including shifting and moving within the limits of the port at which the work is being carried out and including trial trips but not exceeding 100 miles from such port.

2.    Loss or damage to any other vessel or craft upon which the Insured is working except vessels or craft upon which the Insured is working except vessels or craft at sea other than whilst on trial trips.

3.    Loss of or damage to cargo or other things on or discharged from any of the vessels or craft referred to in (1) or (2) above.

4.    Loss of or damage to machinery or equipment of any vessel or craft, whilst such machinery or equipment is removed from such vessel or craft and is in the care, custody or control of the Insured for the purpose of being worked upon, including whilst in transit to or from specialist repairers’ or manufacturers’ premises.

5.    Removal of wreck

6.    Loss of or damage to third party property occurring in the course of or arising from the ship repairing operations of the Insured.

 

LIMIT OF LIABILITY   :    IDR.  _________________________  for anyone accident and

                                    IDR. __________________________ in the aggregate.

 

 

DEDUCTIBLES	:	Applicable for any one accident and/or series of accident arising out of the same event : ·       On 3rd Party Bodily Injury & Death : NIL ·       On 3rd Party’s Property Damage Only : IDR. 5.000.000,-
EXCLUSIONS	:	This insurance shall not cover any liability : 1.    in respect of property owned by, used by  or leased to the insured. 2.    being collision Liability, towers liability or liability arising out of the navigation of any vessel or craft owned or operated by the Insured or any affiliated subsidiary concern or party. 3.    in respect of or arising in connection with any vessel or craft accepted by the Insured solely to be stored. 4.    in respect of or arising in connection with an oil tank vessel or craft previously engaged in carrying explosive or in flammable liquids or gasses or arising in connection with work on or near any fuel tank or pipeline of an oil burning vessel or craft, or near any bunker space of any coal burning vessel or craft unless the rules, regulations requirements of the port or governmental authorities at the place where the work is being carried out have been complied with. 5.    In respect of or arising in connection with any new vessel or craft being built by the Insured. 6.    to payment under penalty clauses, detention, demurrage, loss of time, loss of freight, loss of charter, loss of market or any other consequential loss whatsoever, in respect of property referred to in clause 6 above. 7.    Arising from the existence, maintenance, or use of any licensed truck, automobile or other mechanically propelled vehicle, any unlicensed truck, automobile or mechanically propelled vehicle outside the premises or yard of the Insured. 8.     In respect of loss or damage specified in clause 6 above unless discovered and reported in writing to underwriters within 6 months of the delivery to owners or within 6 months after the work completed by the insured, whichever may first occur. 9.    Condemnation or rejection of any part by reason of faulty design 10.  any loss or expenses arising from such condemnation or rejection 11.  the cost or expenses of repairing, modifying or replacing any part  (or of any loss or expense there from) by reason of faulty design 12.  Arising from any strike, lockout, labor disturbance, riot, civil commotion or act of any person taking part in any such occurrence, or from any act of any person acting maliciously. 13.  Directly or indirectly occasioned by, happening through or in consequence of : War, Civil war, revolution, rebellion, insurrection or civil strife arising there from or any hostile act by or against a belligerent power, capture, seizure, arrest, restraint, or detainment (barratry and piracy excepted) and the consequences thereof or any attempt thereat, derelict mines, torpedoes bombs or other derelict weapons of war, destruction of or damage to property by or under the order of any government or public or local authority. 14.  Directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. 15.  Assumed under contract or otherwise in extension of the liability imposed upon the insured by law in the absence of contract. 16.  For punitive and exemplary damages however described.
EXTENSION CLAUSES	:	1.    30 Days cancellation notice clause 9pro-rate refund premium basis by both parties) 2.    Errors and Omission 3.    Indonesian Jurisdiction clause 4.    Loss Notification Clause (30 days) 5.    Nominated Loss Adjuster Clause : -       PT. Cunningham Lindsey Indonesia -       PT. Japenansi Nusantara 6.    Notification Clause 7.    Other Work Endorsement 8.    Payment on account clause 9.    Personal Injury Endorsement 10.  Reinstatement value Clause 11.  Special Ship Repairers’ Liability 12.  Traveling workmen endorsement 13.  Waiver of Subrogation (against subsidiaries only)
ANNUAL RATE	:	_______ %
PREMIUM	:	IDR.  __________________  x _____ % = IDR. _________________
BROKERAGE	:	25% + 10% VAT – 6% WHT
SECURITY	:	1st CLASS INSURANCE COMPANY

 

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