TRANSMISSION AND DISTRIBUTION LINES EXCLUSION CLAUSE

All Transmission and distribution lines, including wire, cable, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but is not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signal whether audio or visual.
This exclusion applies to both above and below ground equipment except that which is within 1,000 meters of the insured’s premises or as defines in the Insurer’s policy(ies)
This exclusion applies both to physical or damage to the equipment and all business interruption, consequential loss and/or other contingent losses related to transmission and distribution lines.

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TRANSIT CLAUSE (IN RESPECT OF INVENTORY)

It is hereby agreed that the property insured by this policy is covered in respect of the perils hereby insured against whilst being in transit including loading and unloading by road, rail or inland waterway up until delivery to its final destination.
Provided always that :
This extension does not apply to property if and so far it is otherwise insured.
This clause is subject otherwise to all the term and conditions of the policy to which it is attached

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TIME ADJUSTMENT CLAUSE

It is agreed that any loss of damage to the Insured Property arising during any one period of 72 consecutive hours, caused by storm, tempest, flood or earthquake shall be deemed as a single event and therefore to constitute one occurrence with regard to the Excesses provided for herein. For  the purpose of the foregoing the commencement of any such 72 hour period shall be decided  at the discretion of the Insured it being understood and agreed, however that there shall be no overlapping in any two or more such 72 hour period in the event of damage occurring over a more extended period of time.

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TRANSIT CLAUSE

It is hereby declared and agreed that this insurance is extended to indemnity the Assured against loss or damage to the good hereby insured caused by any of the perils set out hereunder during the Transit , VIZ :
Fire
Flood
Overturning and/or derailment of the conveyance
Collision  or contract of the conveyance or the load thereon with any other vehicle or subject
Total loss damage during loading on to, or unloading from the land conveyance.

OPTION 2 (VERSI ADIRA INSURANCE)

The Insurance by this Policy is extended to cover loss of or damage to the tanks and contents on trailers of the Insured for a limit of USD XX,XXX.00 per conveyance from causes insured hereunder occurring during transit (including inter-island ferry crossing and inland waterways but excluding shipments by ocean vessels and air) to/from the insured premises including loading/unloading and any transshipments storage or deviations in the course of transit.
Subject to a deductible of USD X,XXX.00 each and every claim.   

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THEFT IN OPEN (EXCEPT MONEY) - EXCLUSION MODIFIED

This policy included :
Theft, without forcible entry or threat of violence, of property (other than Money in transit) in the open air. The liability of the Insurer shall not exceed the sub-limit of liability stated in the schedule of the policy against “Theft in Open (Except Money) – Exclusion Modified” for any one loss or series of losses arising out of any one original source or cause at any one location.

OPTION 2
Excluded circumstance 6.2.12 is amended to read  :

6.2.11    Theft, without forcible entry or threat of violence, of property (other than Money in transit) in the open air.  The liability of the Insurer shall not exceed the sub-limit of liability stated in the schedule of the policy against “Theft in Open (Except Money) – Exclusion Modified” for any one loss or series of losses arising out of any one original source or cause at any one location.

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THEFT INCLUSION

It is hereby declared and agreed that notwithstanding anything contained herein to the contrary this policy is extended to cover theft of insured property during a fire peril covered under the terms of this policy. But this extension does not cover theft by employees.

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TERRORISM EXCLUSION ENDORSEMENT (NMA 2920)

Notwithstanding any provision to the contrary within the insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.

For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organisation(s) or government(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and /or to put the public, or any section of the public, in fear.

This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to any act of terrorism.

If the Underwriter allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Assured.
In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect.

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THEFT DURING FIRE EXCLUSION CLAUSE (COMPULSORY)

Notwithstanding anything contained in article 291 of the Commercial Code (Kitab Undang – Undang Hukum Dagang) to the contrary, it is hereby expressly understood that in case of fire missing by theft or otherwise shall not be covered under this policy.

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TERMINATION OF TRANSIT CLAUSE (TERRORISM)

This clause shall be paramount and shall oveeride anything contained in this insurance inconsistent therewith.

Notwithstanding any provision to the contrary contained in this policy or the Clauses referred to therein, it is agreed that in so far as this Policy covers loss of or damage to the subject-matter insured caused by any terrorist or any person acting from a political motive, such cover is conditional upon the subject-matter insured being in the ordinary course of transit and, in any event, SHALL TERMINATE EITHER
As per the transit clauses contained within the Policy, or
or
On the delivery to the Consignee or other final warehouse or place of storage at the destination named herein,
On delivery to any other warehouse or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either for storage other than in the ordinary course of transit or for allocation or distribution,
Or
In respect of marine transits, on the expiry of 60 days after completion of discharge overside of the goods hereby insured from the oversea vessel at the final port discharge,
In respect of air transits, on the expiry of the 30 days after unloading the subject matter insured from the aircraft at the final place of discharge,

Whichever shall first occur

If this Policy or the Clauses referred of therein specifically provide cover for inland or other further transits following on from storage, or termination as provided for above, cover will re-attach, and continues during the ordinary course of that transit terminating again in accordance with clause 1.

This clause is object to English law and practice

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TENANTS IMPROVEMENTS CLAUSE

The insurance by this Policy extends to include tenants improvements and alteration to Landlord’s property insofar as the Insured is responsible therefore.

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TENANT’S LEASE

If the Insured is a tenant, this Insurance shall not be affected by any inadvertent act or failure to act by the Insured that would violate his lease or tenancy agreement with his landlord.

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TEMPORARY REMOVAL CLAUSE

It is hereby agreed that the property insured by this policy (other than any stock in trade or merchandise) is covered in respect of the perils hereby insured against whilst temporarily removed for cleaning, renovation, repair or other similar purpose elsewhere on the same premises or any other premises in the Republic of Indonesia and in transit thereto and therefrom by road, rail or inland waterway.

Provided always that :
The amount recoverable under this extension in respect of each item of this policy shall not exceed the amount which would have been recoverable had the loss occurred in that part of the premises from which the property is temporarily removed not in respect of any loss occuring elsewhere than at the said premises, 10 per cent of the sum insured by this policy after deducting therefrom the value of any building (exclusive of fixtures and fittings), stock in trade or merchandise hereby insured.
 

This extension does not apply to property if and so far it is otherwise insured.
As regards losses occurring elsewhere than at the premises from which the property is temporarily removed this extension does not apply to :
Motor vehicles and motor chassis licensed for normal road use.
Property held by the insured in trust, other than machinery and plant.
This clause is subject otherwise to all the terms and conditions of the Policy to which it is attached.

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