Risks : PLI
It is understood and agreed that the Insurer should indemnify that insured in respect of :
A. Any compensation for injury loss or damages of judgment delivered or obtained through a court
wherever the claims occurred.
B. Any cost and expenses of litigation recovered by any claimant from the Insured which are
recoverable through a court wherever that claims occurred.
C. Any cost and expenses incurred by the Insured in the defense of any claims in all over the world.
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.