Chapter 19: Builders’ risks insurance

Section 3: Indemnification of additional costs incurred in an unsuccessful launching and costs of wreck removal

Clause 19-18. Additional costs incurred in an unsuccessful launching

In the event of an unsuccessful launching, the insurer covers the additional costs incurred by the assured in carrying out the launching.

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Clause 19-18. Additional costs incurred in an unsuccessful launching

This Commentary was rewritten in the 2013 Version of the Plan.

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Clause 19-19. Costs of wreck removal

The insurer covers the assured’s costs of necessary removal of wrecks from places owned by or at the disposal of the yard.

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Clause 19-19. Costs of wreck removal

This Commentary was rewritten in the 2013 Version of the Plan.

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