PICC
P&C SHIPREPAIRER”S LIABILITY CLAUSES
1. Name of Assured: {Response}
2. Location of premises and/or
yard:
{Response}
3. Period 12 months: {Response}
4. Premium:
The minimum and deposit premium shall be {Response} subject to
adjustment at expiry of the period of this insurance at {response}% on gross
charges of the Assured, such adjustment to be paid within 90 days.
5. GROSS CHARGES
Gross charge shall be defined as total charges {collected or
uncollected} made by the Assured as shiprepairers during the period of this
insurance. No deduction shall be made from the gross charges in respect of any
sub-contracted work.
6. COVERAGE
Underwriters hereby agree, subject to the limitations, terms and
conditions hereinafter mentioned to indemnify the Assured for all sums which
the Assured shall become liable to pay by reason of legal liability of the
Assured as shiprepairers for:
(i) Loss of or damage to
any vessel or craft which is in the care, custody or control of the Assureds
for the purpose of being worked upon including shifting and moving within the
limits of port at which the work is being carried out and including trial trips
but not exceeding 100 miles from such port;
(ii) Loss of or damage to
any other vessel or craft upon which the Assured in working except vessels or
craft at sea other than whilst on trial trips;
(iii) Loss of or damage to
cargo or other things on or discharged from any of the vessels or craft
referred to in ( i ) or ( ii ) above;
(iv) Loss of or damage to
machinery or equipment of any vessel or craft, whilst such machinery or
equipment is removed from such vessel or craft and is in the care, custody or
control of the Assured for purpose of being worked upon, including whilst in
transit between such vessel or craft and the premises of the Assured or whilst
in transit to or from specialist repairers” or manufacturers” premises;
(v) Removal of wreck;
(vi) Loss of or damage to
third party property occurring in the course of or rising from the ship
repairing operations of the Assured;
Where such liability results from negligence of the Assured, his
servants, agents or sub-contractors occurring during the period of this
insurance.
7. LIMIT OF LIABILITY
The limit of liability under this insurance, in respect of any one
accident or series of accidents
arising out of one occcurrence, shall be {Response}, including liability
for costs and expenses which are either:
(a) incurred with the written consent of the Underwriters hereon
or，
(b) awarded against the Assured.
8. DEDUCTIBLE
The insurance shall only pay the excess of {Response} in respect of the
Assured”s ultimate nett loss
resulting from any one accident or series of accidents arising out of one
occurrence.
9. EXCLUSIONS
Notwithstanding anything contained
herein to the contrary, this insurance shall not cover any liability:
(i) in respect of property
(a) owned by, used by or leased to
the Assured;
(b) in the care, custody or control of the
Assured (other than property referred to in Clause 6( i ), (iii) or (iv) above;
