Where any word or expression has been given a specific meaning in any part of this Policy, such word or expression shall bear this meaning wherever it may appear unless such meaning is inapplicable to the context in which the word or expression appears.
Where words other than the Insured or the Insurers have been in the Policy to represent the party entitled to indemnity under this Policy and the party providing the indemnity, it is agreed that for the purpose of this policy those words are deemed to have the same meaning as the Insured and the Insurer.
It is further agreed that
a. Words importing persons shall include corporations and other legal entities
b. References in the singular be deemed to include the plural and vice versa, and
c. Words depicting any gender reference to all other genders
In the event of conflict of interpretation between the various clauses, provisions, and terms contained in the policy, the interpretation most beneficial in the Insured shall always prevail. Should any provision of this Policy be held invalid or unenforceable under applicable law, this policy shall be deemed not to include that provision and the balance of this Policy will remain in full force and effect.
Heading have been included for case reference. It is understood and agreed that the terms and conditions of this Policy are not to be construed or interpreted by references to such headings.
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.