PICC P&C INSTITUTE REPLACEMENT CLAUSE

In the event of loss of or damage to any part or parts of an insured machine caused by a peril covered by the Policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and refitting, if incurred, but excluding duty unless the full duty is included in the amount insured, in which case loss, if any, sustained by payment of additional duty shall also be recoverable.

Provided always that in no case shall the liability of Underwriters exceed the insured value of the complete machine.

参考译文：

中国人民财产保险股份有限公司协会重置条款

如果由本保险承保的风险造成被保险机器的部件发生损失或损害，赔付金额不应超过对此部件更换或修理的费用加运费和重装的费用，但不包括关税，除非全部关税包含在保险金额中，在此种情况下，由于支付附加关税而遭受的损失亦可获得赔偿。

保险人的赔偿责任在任何情况下不应超过整件机器的保险价值。