Endorsement 1310 Special insurance cover: suppliers’ extension

CM insurance – Endorsement 1310 
Special insurance cover: suppliers’ extension


This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. In the event that any of the suppliers specified below are unable to deliver machinery or equipment or goods to the insured due to loss or damage at their premises specified below resulting from fire, lightning, explosion, aircraft or objects dropped therefrom, the insurer shall indemnify the insured for the loss of interest insured under the “Operational business interruption section” of the policy of insurance that has occurred directly as a result of the delay caused to the insured by the late delivery of one or more of this machinery, equipment or goods.


 Supplier                                  Equipment/goods                                      Premises 

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Endorsement 1309 Special insurance cover: delay in repair

CM insurance – Endorsement 1309
Special insurance cover: delay in repair

1. Indemnification
This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1.1. The insurer shall, within the agreed maximum indemnity period, be liable for a period not exceeding four weeks for any loss of interest insured resulting from a delay in repair or replacement of lost or damaged property insured of foreign make, where such delay results from import or export restrictions, customs regulations, currency restrictions or any other regulations imposed by any government or public authority.

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Endorsement 1308 Special insurance cover: failure of public power, water, gas or steam supply

CM insurance – Endorsement 1308
Special insurance cover: failure of public power, water, gas or steam supply


This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

 1. Indemnification
1.1. The “Operational business interruption section” shall be extended to cover a
loss of interest insured resulting from an interruption of or interference with the
business insured directly caused by a failure of the public power, water, gas or
steam supply.
1.2. In the event of an interruption of or interference with the insured’s operation due
to failure of the public supply, the insurer shall be liable up to the maximum
indemnity period for any loss of gross profits resulting from this interruption or
interference for the period of failure that exceeds the agreed time excess.

 2. Special exclusions
2.1. The insurer shall not be liable for any loss resulting from the interruption of
public supply directly or indirectly attributable to:
2.1.1. rationing, which was not caused by unforeseen material loss or damage to the
public supply;
2.1.2. water shortage due to climatic or meteorological conditions;
2.1.3. disturbance, loss or damage in the insured’s plant, even if this is caused by
failure of the public supply, unless the damaged property also is covered under this
policy of insurance;
2.1.4. the production in the insured’s plant still being interrupted or disturbed after
the resumption of the public supply, unless otherwise agreed.

 3. Definitions
3.1. Public supply shall mean the supply by public authority of power, water, gas or
steam when required on demand, with sufficient production reserves and alternate
switch-over possibilities.
3.2. Failure of the public supply shall mean stoppage or reduction in supply caused
by sudden and unforeseen material loss or damage occurring beyond the point of
transfer to the plant as specified in the policy of insurance.

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Endorsement 1307 Special insurance cover: additional expenditure other than increased cost of working

CM insurance – Endorsement 1307
Special insurance cover: additional expenditure other than increased cost of working


This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The interest insured shall include the additional expenditure specified below, other than increased cost of working, which may be incurred during the indemnity period as a consequence of an indemnifiable interruption of or interference with the business.
1.2. The amount of indemnity payable shall be limited to either
1.2.1. a lump sum payment of
or
1.2.2. a daily limit of .

 2. Deductible
2.1. The insurer shall not be liable for 20% of the indemnifiable amount or the deductible specified below, whichever is the greater.

3. Special condition
3.1. This extension is not subject to the application of average.


Minimum deductible:
Additional expenditure:

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Endorsement 1306 Special insurance cover: maximum demand charges

CM insurance – Endorsement 1306
Special insurance cover: maximum demand charges


This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The interest insured shall include the maximum demand charges as itemized in the power supply contract attached to and deemed to be incorporated in this endorsement, provided that such charges fall due as a consequence of indemnifiable material loss of or damage to item(s) specified below.

2. Sum insured
2.1. The sum insured shall correspond to the maximum possible amount of maximum demand charges which may become due for one year.
2.2. In the event of indemnifiable loss of or damage to the item(s) specified below, the maximum demand charges falling due, i.e. the unit price per kW or kVA and/or the quantity of kW or kVA, exceed the figures stipulated in the power supply contract, average shall be applied separately to each of the above-mentioned amounts.
2.3. Underinsurance shall not be applied in the event that the indemnity period affects two electric power accounting years and the sum insured is less than the actual loss.

3. Deductible
3.1. The insurer shall not be liable for 20% of the indemnifiable amount or the deductible specified below, whichever is the greater.
Minimum deductible:

Item               No.                     Description                          Location

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Endorsement 1305 Special insurance cover: prolongation of the interruption period due to deterioration

CM insurance – Endorsement 1305
Special insurance cover: prolongation of the interruption period due to deterioration

This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.






1. Indemnification
1.1. The “Operational business interruption section” shall be extended to cover a loss of interest insured resulting from prolongation of the interruption period directly caused by a deterioration of raw materials, intermediate or finished products or operation media, provided that such deterioration results from an indemnifiable interruption of or interference with the business insured as a consequence of an indemnifiable material loss or damage.

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Endorsement 1304 Special insurance cover: earthquake

CM insurance – Endorsement 1304
Special insurance cover: earthquake

This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The “Operational business interruption section” shall be extended to cover a loss of interest insured resulting from an interruption of or interference with the business insured directly caused by a physical loss or damage as insured under section 1 and attributable to earthquake, volcanic eruption and tsunami up to the limit specified in the schedule(s).

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Endorsement 1303 Special insurance cover: business interruption resulting from machinery breakdown during a guarantee period

CM insurance – Endorsement 1303
Special insurance cover: business interruption resulting from machinery breakdown during a
guarantee period


This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The “Operational business interruption section” shall be extended to cover a loss of interest insured resulting from an interruption of or interference with the business insured directly caused by physical loss or damage for which a supplier, contractor or repairer is responsible either by law or ordinance or under contract or agreement.

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Endorsement 1302 Special insurance cover: underground machinery and equipment

CM insurance – Endorsement 1302 
Special insurance cover: underground machinery and equipment

This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The insurer shall indemnify the insured in respect of loss of or damage to underground machinery and equipment due to flood, inundation, landslide or rockslide, subsidence, collapse of adits, galleries, tunnels.
1.2. The indemnity provided by this endorsement shall not exceed during the period of insurance the aggregate limit of indemnity specified below.

2. Deductible
2.1. In respect of each and every occurrence of loss or damage the insurer shall not be liable for the deductible specified below.

3. Special exclusion
3.1. The insurer shall not indemnify the insured in respect of loss or damage due to abandonment of underground machinery and equipment.

Aggregate limit of indemnity:
Deductible: % of loss amount, minimum .

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Endorsement 1301 Special insurance cover: extra costs for airfreight

CM insurance – Endorsement 1301
Special insurance cover: extra costs for airfreight



This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The insurer shall indemnify the insured in respect of reasonable extra costs for airfreight incurred to rectify loss or damage to property insured.
1.2. The indemnity provided by this endorsement shall not exceed during the period of insurance the aggregate limit of indemnity specified below.

2. Deductible
2.1. In respect of each and every occurrence of loss or damage, the insurer shall not be liable for the deductible specified below.

Aggregate limit of indemnity:

Deductible: % of the extra costs, minimum .

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Endorsement 1300 Special insurance cover: strike, riot and civil commotion

CM insurance – Endorsement 1300
Special insurance cover: strike, riot and civil commotion


This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The insurer shall indemnify the insured in respect of loss of or damage to property insured resulting from strike, lock-out, riot and civil commotion.
1.2. The limit of indemnity for any one occurrence of loss or damage provided by this endorsement shall not exceed the limit specified below.
1.3. The aggregate limit of indemnity during the period of insurance of this endorsement shall not exceed twice the limit of indemnity for any one occurrence.

2. Deductible
2.1. In respect of each and every occurrence of loss or damage, the insurer shall not be liable for the deductible specified below.
2.2. All loss of or damage to property insured arising during any one period of 168 consecutive hours shall be deemed to have been caused by a single occurrence and shall be subject to one deductible.

3. Cancellation
3.1. This special extension of cover may at any time be cancelled by the insurer through notice to that effect being given by registered post at the insuring party’s last known address.

4. Definitions
4.1. Strike, lock-out, riot and civil commotion shall mean:
4.1.1. the act of any person taking part together with others in any disturbance of the public peace (whether in connection with a strike or lock-out or not), otherwise not being an occurrence excluded in clause 1.2 and 1.3 under “Exclusions applicable to all sections” of this policy of insurance,
4.1.2. the action of any lawfully constituted authority in suppressing or attempting to suppress any such disturbance or in minimizing the consequences of any such disturbance,
4.1.3. the action of any lawfully constituted authority in preventing or attempting to prevent any such act or in minimizing the consequences of any such act.
4.1.4. the wilful act of any striker or locked-out worker performed in furtherance of a strike or in resistance to a lock-out,
Limit of indemnity:

Deductible:

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Endorsement 1375 Special conditions: flue gas purification plants

CM insurance – Endorsement 1375
Special conditions: flue gas purification plants


This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed theron.





1. Conditions
1.1. In the event of loss of or damage to rubber and plastic-coated linings or plastic
equipment the amount indemnifiable, including disposal costs, in respect of the
items thus affected shall be depreciated dependent on the service life already
attained by similar plants.
1.2. In the event of loss of or damage to catalysts the amount indemnifiable,
including disposal costs, in respect of the items thus affected shall be depreciated
dependent on the reduction in service life determined by recordings of activity.
1.3. The insured shall undertake to inspect linings and plastic equipment at least
annually and before the end of the guarantee period and shall inform the insurer in
good time so that the insurer’s agent may be present during the inspection at the
insurer’s expense.
1.4. The insured shall submit an inspection report to the insurer which shall include
but not be limited to
1.4.1. the condition of the linings and plastic installations;
1.4.2. the description and location of any defects or damage;
1.4.3. the description and location of the maintenance and repair work to be done;
1.4.4. information regarding the necessary use of modified materials.

2. Special exclusion
2.1. The insurer shall not indemnify the insured for loss of or damage to rubber and
plastic-coated linings, plastic equipment and catalysts which
2.1.1. has not resulted from indemnifiable loss or damage to other property insured;
2.1.2. is a result of the continual effects of operation;
2.1.3. is a result of any fault, defect, error or omission in design, plan or
specification, material or workmanship;
2.1.4. is a result of a fault, defect, error or omission in the application of the coating;
2.1.5. is a result of the corrosion of the support structure.



3. Definition
3.1. Loss of or damage to catalysts shall mean a more than 10% reduction in catalyst activity.

4. Deductible
4.1. In respect of loss of or damage to catalysts the insurer shall not be liable for
20% of the loss or damage or the deductible specified in the schedule, whichever is
the greater.
4.2. In respect of all other loss or damage the insurer shall not be liable for the
deductible specified in the schedule.

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Endorsement 1374 Special conditions: sum insured on unit-price basis

CM insurance – Endorsement 1374
Special conditions: sum insured on unit-price basis

This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Conditions
1.1. The annual sum insured shall be calculated on the basis of the agreed unit price multiplied by the number of units the insured produces during one year.
1.1.1. A premium refund according to paragraph 5.2 of the policy of insurance shall be given only on the basis of the number of units actually produced during the period of insurance:
1.2. The indemnity payable shall be the amount calculated by multiplying the number of units which would be produced but for the material loss or damage with the agreed unit price.
1.3. If, however, the number of units on which the sum insured is based is less than the number of units which would be produced but for the material loss or damage during the 12 months immediately preceding the date when the production is no longer affected or when the indemnity period limit ends, the amount payable shall be reduced proportionally.
1.4. The indemnity shall not put the insured into a better financial position than he would have been in if the material loss or damage had not occurred.
1.5. The insurer shall only be liable for the period within the maximum indemnity period that exceeds the agreed time excess.

2. Deductible
2.1. The insurer shall not be liable for 20% of the loss or damage or the deductible specified below, whichever is the greater.
Minimum deductible:

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Endorsement 1373 Special conditions: inspection and overhauling of boilers

CM insurance – Endorsement 1373
Special conditions: inspection and overhauling of boilers


This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Conditions
1.1. Unless agreed otherwise between insurer and insured, the insured shall arrange at his own expense an inspection of all boilers annually, however not exceeding the intervals prescribed by law. The insured shall also arrange at his own expense any overhaul required by the inspection authority in charge or by the manufacturer. The insured shall inform the insurer of such an inspection or overhaul in good time so that the insurer’s agent may be present during the inspection or overhaul at the insurer’s expense. The insured shall provide the insurer with reports on this overhaul.
1.2. The intervals for inspections or overhauls shall apply from the first start of operation or from the last inspection or overhaul of the relevant boiler irrespective of the commencement of this insurance cover.
1.3. The insured may apply for an extension of the period between inspections and/or overhauls. Such extension shall be granted, provided the inspector or inspection authority in charge is in agreement and in the opinion of the insurer the risk is not aggravated thereby.
1.4. If the insured fails to comply with the requirements of this endorsement, the insurer shall be free from all liability for loss or damage caused by any circumstance which could have been detected had an inspection and/or overhaul taken place.

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Endorsement 1372 Special conditions: overhauling of steam, water and gas turbines and turbo-generator sets

CM insurance – Endorsement 1372
Special conditions: overhauling of steam, water and gas turbines and turbo-generator sets


This endorsement forms part of

Section 1 O yes O no

Section 2 O yes O no

and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Conditions
1.1. The insured shall arrange at his own expense an overhaul in a completely opened-up state of the whole turbo-set or parts thereof at the intervals stipulated under clause 1.2 and shall inform the insurer of such an overhaul in good time so that the insurer’s agent may be present during the overhaul at the insurer’s expense. The insured shall provide the insurer with reports on this overhaul.
1.2. Unless agreed otherwise between insurer and insured, the machines shall be overhauled at the following intervals:
1.2.1. steam turbines and steam turbo-generator sets that operate predominantly under continuous load conditions and are provided with comprehensive instrumentation in line with modern technological standards which allow full control of the operational state of the set, at least every six years or after 50,000 equivalent operating hours, whichever occurs earlier,
1.2.2. steam turbines and steam turbo-generator sets which do not fall into the above category of clause 1.2.1 at least every four years or after 30,000 equivalent operating hours, whichever occurs earlier,
1.2.3. water turbines and water turbo-generator sets in accordance with the manufacturer’s recommendations, however at least every four years, 1.2.4. gas turbines and gas turbo-generator sets in accordance with the manufacturer’s recommendations.
1.3. The periods as per clause 1.2 shall apply from the first start of operation or from the last overhaul of the relevant turbo-generator set or part thereof irrespective of the commencement of this insurance cover.
1.4. The insured shall advise the insurer of any significant change in the running behaviour of any turbo-generator set insured and both parties shall jointly decide on the action to be taken.
1.5. If the insured fails to comply with the requirements of this endorsement, the insurer shall be free from all liability for loss or damage caused by any circumstance which could have been detected had an overhaul taken place.
1.6. Damage to a machine
1.6.1. occurring after the respective overhaul periods stated under clause 1.2 have been exceeded
1.6.2. not being caused by any circumstance which could have been detected had an overhaul taken place
shall be indemnified, however excluding any costs of dismantling, reassembly and similar costs because an overhaul has to be carried out at this stage in any case. The costs of dismantling, reassembly and similar regular overhaul-related work are considered as costs of overhauling.

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Endorsement 1371 Special conditions: overhauling of electric motors and generators above 1,000 kW (other than turbo- generators)

CM insurance – Endorsement 1371
Special conditions: overhauling of electric motors and generators above 1,000 kW (other than turbo-
generators)

This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Conditions
1.1. The insured shall arrange at his own expense an overhaul in a completely opened-up state at the intervals stipulated under clause 1.3 and shall inform the insurer of such an overhaul in good time so that the insurer’s agent may be present during the overhaul at the insurer’s expense.
1.2. The insured shall provide the insurer with reports on this overhaul.
1.3. Unless agreed otherwise between insurer and insured, such overhauls shall take place at least every six years or after 30,000 operating hours, whichever occurs earlier.
1.4. The overhaul periods shall apply from the first start of operation or from the last overhaul of the relevant electric motor irrespective of the commencement of this insurance cover.
1.5. If the insured fails to comply with the requirements of this endorsement, the insurer shall be free from all liability for loss or damage caused by any circumstance which could have been detected had an overhaul taken place.

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Endorsement 1370 Special conditions: overhauling of platen presses

CM insurance – Endorsement 1370
Special conditions: overhauling of platen presses

This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Conditions
1.1. The insured shall arrange at his own expense an overhaul of all highly stressed parts of platen presses as well as an inspection by an expert in non-destructive testing and shall inform the insurer of such an overhaul in good time so that the insurer’s agent may be present during the overhaul at the insurer’s expense.
1.2. The expert shall determine the date of the next overhaul. Unless agreed otherwise between insurer and insured, such overhauls and inspections shall each take place at intervals not exceeding 12 months.
1.3. The insured shall provide the insurer with reports on these overhauls and inspections.
1.4. The intervals for overhauls and inspections shall apply from the first start of operation or from the last overhaul or inspection of the relevant platen press irrespective of the commencement of this insurance cover.
1.5. If the insured fails to comply with the requirements of this endorsement, the insurer shall be free from all liability for loss or damage caused by any circumstance which could have been detected had an overhaul taken place.

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Endorsement 1369 Special conditions: submerged and deep-well pumps

CM insurance – Endorsement 1369
Special conditions: submerged and deep-well pumps

1. Conditions
2. Special exclusions
This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1.1. The insurer shall not indemnify the insured in respect of loss of or damage to submerged and deep-well pumps unless the insured arranges at his own expense an annual overhaul and provides the insurer with reports on this overhaul.
1.2. The insured shall inform the insurer of such an overhaul in good time so that the insurer’s agent may be present during the overhaul at the insurer’s expense.
2.1. The insurer shall not indemnify the insured for loss or damage resulting from
2.1.1. sand erosion,
2.1.2. operating without water,
2.1.3. a collapse of the well,
2.1.4. destruction of tubes or reinforced walls.

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Endorsement 1368 - Special conditions: waiver of underinsurance

CM insurance – Endorsement 1368
Special conditions: waiver of underinsurance

This endorsement forms part of section 1 and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.


1. Condition

1.1. Clause 10.2 under “Conditions for loss settlement” shall be deleted, provided
that
1.1.1. the sum insured at the initial commencement date of this insurance shall fully comply with paragraph 4 “Sum insured”.
1.1.2. at each renewal date the premium as well as the sum insured shall be adapted to the changes in the official price/inflation indices for buildings, machinery and cost of labour by applying these indices in a proportion equivalent to the value composition of the property insured.

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Endorsement 1367 Special conditions: components along the hot-gas path of gas turbines

CM insurance – Endorsement 1367
Special conditions: components along the hot-gas path of gas turbines


This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Condition
1.1. In the event of an occurrence to a component or components in the hot-gas
path which have a life expectancy appreciably shorter than that of the gas turbine,
the amount indemnifiable in respect of the items thus affected shall be depreciated.
The amount payable shall be calculated by taking

1.1.1. the expired life (EL) in equivalent working hours of the component at the time
of occurrence, and
1.1.2. the normal life expectancy (NLE) in hours of the component according to the
latest specification issued by the manufacturer
and then applying them in the relationship (1 -EL/NLE) to the total replacement
costs (installed within the plant) of the component.

1.2. Should the normal life expectancy for any component or components indicated
by the manufacturer be found to be in conflict with the operational and/or claims
experience, an agreement on more realistic component life expectancies shall be
reached between the insured and the insurer and shall supersede such advices of
the manufacturer.

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