Risks : CEAR
Notwithstanding anything contained herein to the contrary it is hereby declared and agreed that in the event of a claim the Insurers will also indemnify the Insured against the reasonable additional expenses incurred by the Insured.
a. in respect of overtime working and work carried out on Sundays, Holidays and at night
b. for transport costs at express carriage, air freight rates or replacement parts damaged machinery and/or property
for the sole purpose of effecting replacements of or expediting the repairs for the costs of which the Insurers are liable.
Provided always that the Insurer’s liability in respect of such additional expenses shall not exceed 100 per cent of the cost of the replacement or the repairs had such additional expenses not been incurred.
Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.