Supplying and applying the first coat of primer/anti -corrosive to those particular areas mentioned in 15.1 and 15.2 above,shall be allowed as part of the reasonable cost of repairs in respect of bottom plating damaged by an insured perils
No claim shall be allowed, other than in general average, for wages and maintenance of the Master, Officers and Crew, or any member thereof, except when incurred solely for the necessary removal of the Vessel from one port to another…
In no case shall any sum be allowed under this insurance either by way of remuneration of the Assured for time and trouble taken to obtain and supply information or documents or in respect of the commission or charges of…
The measure of indemnity in respect of claims for unrepaired damage shall be the reasonable depreciation in the market value of the Vessel at the time this insurance terminates arising from such unrepaired damage, but not exceeding the reasonable cost…
In no case shall the Underwriters be liable for unrepaired damage in the event of a subsequent total loss (whether or not covered under this insurance) sustained during the period covered by this insurance or any extension thereof.
The Underwriters shall not be liable in respect of unrepaired damage for more than the insured value at the time this insurance terminates.
In ascertaining whether the Vessel is a constructive total loss, the insured value shall be taken as the repaired value and nothing in respect of the damaged or break-up value of the Vessel or wreck shall be taken into account.
No claim for constructive total loss based upon the cost of recovery and/or repair of the Vessel shall be recoverable hereunder unless such cost would exceed the insured value. In making this determination, only the cost relating to a single…
FREIGHT WAIVER - In the event of total or constructive total loss no claim to be made by the Underwriters for freight whether notice of abandonment has been given or not.
