PICC P&C TENDER CLAUSE
Before the Assured arranges for repairs of
damage for which the Swedish Club (“Club”) is liable, he must, whenever
possible, consult with the Club with regard to time and place of the repairs
and the methods to be applied.
The Club may request tenders to be invited
form those repairyards that the Club considers suitable.
Compensation for time lost solely as a
consequence of the taking of tenders will be made in accordance with the Hull
Insurance Conditions applicable to this Policy. Non-compliance with the
stipulations in this clause entitles the Club to reduce the ascertained
recoverable claim by 15% prior to applying any stipulated deductible (s) or any
other deductions as per Policy conditions.