Commentary

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Section 3: Hull insurance - extended cover

  • Clause 20-14. Extended cover of damage to machinery

    Section 2 applies in full to the other parts of the hull insurance.

    The fact that extended cover for damage to machinery has been agreed will be evident from the insurance contract. In such case, damage to machinery, electronic equipment, etc. will be covered in accordance with the ordinary rules of Chapter 12 of the Plan, with certain minor exceptions. These follow in part directly from the clause which refers to Cl. 20-12 and Cl. 20-13, which thereby apply correspondingly in the event of extended cover for damage to machinery.

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    Clause 20-14. Extended cover of damage to machinery

    If specifically agreed in the insurance contract, the insurance shall cover damage to the machinery in accordance with the rules in Chapter 12, and the amendments that follow from Cl. 20-12 and Cl. 20-13 shall apply to the cover of damage to machinery, electronic equipment, etc.