EPI 12 Partial Operation

P-Clauses261 Views
banner 468x60

Notwithstanding Condition of Section 1, Material Damage it is agreed that in respect of the portions of Insured Property stated below:
(a) such portions shall be in Partial Operation (after Hot Testing and Commissioning, if any, has been completed) as from the Inception Date stated below and until the Termination Date of the Construction Period; and
(b) such Partial Operation shall be covered under the Policy; and
(c) for such portions the Maintenance Period shall begin at the Termination Date of the Construction Period; and
(d) during the Partial Operation Period the Deductible stated below shall apply in respect of Loss insured under Section 1, Material Damage provided such Loss is caused by or arising from perils other than storm, tempest, hurricane, cyclone, flood, water damage, subsidence, landslip, avalanche, earthquake, volcanic activity and tsunami.
For the purpose of this Endorsement Partial Operation shall mean that the portion of Insured Property has been taken into use under the responsibility of the Contractor but not handed over to the Principal yet.

Portion of Insured Property             Inception Date of Partial Operation Period     Deductible each and every Loss

banner 336x280

……………………………………………………………………………..    …………………………….     …………………………..
……………………………………………………………………………..    …………………………….     …………………………..

banner 336x280

Leave a Reply

Your email address will not be published. Required fields are marked *