Nuclear Energy Exclusion Clause 1994 – N.M.A. 1975 (A) (worldwide excluding USA and Canada)
Nuclear Energy Exclusion Clause 1994 – N.M.A. 1975 (A) (worldwide excluding USA and Canada)
PROPERTY
Nominated Adjuster Clause
Nominated Adjuster Clause
It is hereby noted and agreed that in the event of a claim, loss adjusters to be selected from the following panel:
- ….
- ….
- ….
Lessors Interest Clause
Lessors Interest Clause
It is noted and agreed that …. (here in after referred to as the Lessors) are the owners of the Property insured under (Item ….) and that such Property is the subject of a Leasing Agreement made between the lessors on the one part and the insured on the other part. It is further understood and agreed that any payment made in respect of loss or damage (which loss or damage is not made good by repair, reinstatement or replacement) under the terms of this Policy shall be made to the Lessors as long as they are the owners of the property. It is understood and agreed that notwithstanding any provision in the Leasing Agreement to the contrary, this Policy is issued to the Insured as the principal party and not as agent or Trustee for the Lessors and nothing herein shall be considered as constituting the Insured an agent or Trustee for the Lessors or as an assignment (whether legal or equitable) by the Insured to the Lessors of his rights, benefits and claims under this Policy, and, further, nothing herein shall be construed as creating any right in the Lessors to sue the Insurer in any capacity whatsoever for any alleged breach of its obilgations hereunder.
Klausul Kepentingan Pihak Yang Menyewakan
Dengan ini dicatat dan disetujui, bahwa …. (selanjutnya disebut Pihak Yang Menyewakan) adalah pemilik harta benda yang dipertanggungkan di bawah (Bagian ….) dan harta benda tersebut terikat dengan Perjanjian Sewa Beli yang dibuat antara Pihak Yang Menyewakan disatu pihak dengan Tertanggung dipihak lainnya. Selanjutnya dengan ini dimengerti dan disetujui, bahwa setiap pembayaran yang berkaitan dengan kerugian atau kerusakan (yang atas kerugian atau kerusakan tersebut tidak diadakan perbaikan, pemulihan kembali atau penggantian) sesuai dengan persyaratan Polis ini akan dilakukan kepada Pihak Yang Menyewakan sepanjang mereka adalah pemilik harta benda tersebut. Dengan ini dimengerti dan disetujui pula, bahwa tanpa mengabaikan persyaratan-persyaratan dalam Perjanjian Sewa Beli yang bertentangan dengan ini, Polis ini dikeluarkan kepada Tertanggung sebagai pihak prinsipal dan bukan sebagai Agen atau Wakil dari Pihak Yang Menyewakan dan tidak akan dipertimbangkan sebagai bagian dari agen Tertanggung atau wakil dari pihak yang menyewakan atau sebagai suatu pengalihan hak (baik berdasarkan hukum atau kepatutan) oleh Tertanggung kepada Pihak Yang Menyewakan atas hak, manfaat dan klaim-klaim di bawah polis ini serta selanjutnya dalam hal ini sekali kali tidak ditafsirkan sebagai menciptakan hak bagi Pihak Yang Menyewakan untuk menuntut Penanggung dalam segala kapasitasnya untuk setiap dugaan pelanggaran kewajiban-kewajiban disini.
IT Clarification Agreement Clause
Property damage covered under this Agreement shall mean physical damage to the substance of property.
Physical damage to the substance of property shall not include damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure.
Consequently the following are excluded from this Agreement:
- Loss of or damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss of or damage to data or software, which is the direct consequence of insured physical damage to the substance of property shall be covered.
- Loss or damage resulting from an impairment in the function, availability, range of use or accessibility of data, software or computer programs, and any business interruption losses resulting from such loss or damage.
Fire Extinguishing Costs Clause
Fire Extinguishing Costs Clause
It is hereby agreed and declared that notwithstanding anything in the within policy contained to the contrary, but subject to the provisons hereinafter contained, the insurance under this policy extends to include:
- Wages of the insured’s employees other than full time members of a works fire brigade
- The cost of replenishment of fire fighting appliances and destruction of or damage to fire fighting materials (including employees clothing and personal effects) unless otherwise specifically insured.
Provided always that the liability of the company in respect of such wages and costs shall be limited to those necessarily and reasonably incurred in extinguishing fires at or adjoining the situation of the property insured by this policy or immediately threatening to involve such property.
Provided further that otherwise the insurance under this endorsement and the policy shall be subject to all the terms, limitations, stipulations, exclusions, provisos and exceptions printed on, expressed in, endorsed upon or attached to the policy and provided also that all of the conditions of the policy (except in so far as they may be hereby varied) shall apply as if they had been incorporated herein.
Provided however that the liability of the Company hereunder shall not exceed as per schedule
Cyber Liability Exclusion Clause
Cyber Liability Exclusion Clause
Property damaged covered under this Agreement shall mean physical damage to the substance of property.
Physical damage to the substance of property shall not include damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss or damage to data or software which is the direct consequence of insured physical damage to the substance of property shall be covered.
Consequently, the following are excluded from this agreement:
- Loss of or damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, corruption a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss or damage to data or software which is the direct consequence of insured physical damage to the substance of property shall be covered.
- Loss or damage resulting from an impairment in the function, availability range of use, or accessibility of data, software or computer programs, and any business interruption losses resulting from such loss or damage.
All other terms and conditions remain unaltered.
Currency Clause
Currency Clause
It is hereby understood and agreed that in case a claimable loss hereunder, if any, is denominated in currency other than the currency stated in the Policy Schedule, then the conversion rate shall be in the middle rate for bank notes published by the Bank Indonesia on the date of agreement between the Insurer and Insured as to the amount of loss.
Claim Settlement Clause
Claim Settlement Clause
In the event of loss or damage for which indemnity is provided under this policy the insurer will subject to all terms, conditions and exceptions, pay to the insured in cash:
- The full cost of repairing reinstating or replacing the lost or damaged property plus.
- The insured’s directly related procurement costs.
Cancellation Clause
Cancellation Clause
It is hereby declared and agreed that both the Insurer and the Insured are entitled to cancel this insurance at any time without given reason thereof, such cancellation shall however only become effective on the expiration of 30 (thirty) days from midnight of the day on which notice of the cancellation is issued. If the Insurer cancels the insurance, premium will be calculated on the short-term rate for the completed period of Insurance.
Breach of Warranties Clause
Breach of Warranties Clause
The conditions and warranties of this Policy shall apply individual to each of the risks insured and not collectively to them. Thus a breach in any condition or warranty shall void the section only in respect of all the risks to which that breach applied and does not affect the section in respect of the other risks.
