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Important Notice:
Cover will be effective upon receipt of premium in full. In the event of Non-payment of Premium the cover under the
policy shall stand suspended. If the premium is payable on agreed Installments (mentioned in the schedule) cover will
be effective on payment of the first premium installment as per schedule. Cover under the policy shall stand
suspended, in case any installment is not received within the scheduled due date thereof.
In Consideration of the payment to us by or on behalf of the assured of premium specified in the schedule, we hereby agree to insure against the
loss damage liability or expense in the manner hereinafter provided.
Premium Computation
Premium Details Rate Amount(Rs) Amount(Rs)
Marine .016 1,264 Sum Insured 7,900,000
SRCC .016 1,264
PAKISTAN RUPEES Seven millions nine hundred thousand only
GROSS PREMIUM 2,528
ASC 5 126 Excess & Deductible
SUB TOTAL 2,654
FIF 1 27
Sales Tax On Services/F.E.D. 13 345
STAMP DUTY 50
ADVANCE TAX 4
NET PREMIUM 3,076
THE ATTACHED TERMS, CLAUSES, CONDITIONS, ENDORSEMENTS, WARRANTIES AND EXCLUSIONS FORM PART
OF THE POLICY
Authorised Insurer
Page 2 of 2
CHINESES VAN).
Cargo Termination of Transit Clause (Terrorism)
Subject to excluding Electrical & Mechanical derangment and faults.
Subject to excluding rust and oxidation and/or discoloration.
Subject to excluding damages incurred (if any) prior to commencement of insurance.
Subject to 2nd. hand machinery clause
Subject to New Machinery Clause.
Subject to UN Sanction Cluase
Subject to Premium Payment Clause.
Coverage From Warehouse to Warehouse.
Carrier's Breach of Trust Exclusion Clause (Inland Transit).
Sbject to cancellation by 7 days written notice from eithter side.
SURVEY AGENT
Authorised Insurer