REPLACEMENT CLAUSE FOR SECOND HAND MACHINERY - PADA ASURANSI ANGKUTAN BARANG

REPLACEMENT CLAUSE SECOND-HAND MACHINERY
In the event of loss of or damage to any part or parts of the goods insured in
consequence of a risk covered by the policy, the amount recoverable hereunder shall not
exceed such proportion of the cost of replacement of the part lost or damaged as the
insured value bears to the value of new machinery, plus additional charges for
forwarding and re-fitting the new part or parts if incurred.