小水电保险方案.docx
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小水电保险方案
小水电工程项目
安装工程一切险
保险经纪有限公司
年月日
CONTRACTOR’SALLRISKS
PolicyForm:
BasedonStandardMunichRePolicyandFollowingendorsements
OriginalInsured
SectionI&II
(a)Employer/Owner:
(b)EPCContractor:
CHINAHUADIANENGINEERINGCO.,LTD.
(c)Thesub-contractorsandsub-suppliersofanytierwhilstonsiteandelsewhereasstatedherein
(d)Architectsand/orconsultingEngineersinrespectoftheir
Manualactivitieswhilstonsite
(e)ProjectFinanciers
(f)anyOperator,Licensor/Licensee,Franchisor/Franchiseeand/orManagerwithwhomEmployer/Ownerhasenteredorwillbeenteringintoagreements(s)orcontract(s)inconnectionwiththeProject;
Allfortheirrespectiverightsandinterest.
InsuredProject
Sisirahydropowerplant
ProjectLocation
PeriodofInsurance
Construction/ErectionPeriod:
Withinabout650daysfromthedatetobeadvisedincludingtestingandcommissioningof2months.
AnyextensionsofthePeriodofInsuranceareautomaticallyheldcoveredupto6monthswithoutadditionalpremium;anyfurtherextensionshouldbechargedbyanadditionalpremiumofnogreaterthanpro-ratapremium.
Plus12monthsextendedMaintenance/DefectsLiabilityperiod.MaintenanceorDefectsLiabilityPeriodcommencefromthedateoftheCompletionoftheProject.
CompletionoftheProjectmeansthehandoverofallproperty(afteracceptancebytheEmployeraccordingrelatedconditionsintherelatedcontractunlessotherwisedeterminedbytheEmployer)oftheProjectfromContractorstoEmployers.
InterestInsured
SectionI–MaterialDamage
Construction/Erectionworks:
Allpermanentandtemporaryworks,temporarybuildings,materials,spares,machineryandequipment,officeequipment,tools,andallotherpropertyorequipmentofwhatsoevernatureordescription,thepropertyoftheInsuredorthatforwhichtheyareresponsibleatthesiteorelsewherewithintheTerritorialLimitsincludingwhilstintransitortemporarilystoredatorawayfromthesiteallinconnectionwiththeprojectwork.
Contractor’sPlantandEquipment
SectionII–ThirdPartyLiability
Tocoverlegalliabilityarisingoutoftheperformanceoftheprojectworkinrespectof:
-death,personalinjuryofthirdpartiesincludingillnessanddiseasecontractedbyanyperson
-lossofordamagetothepropertyofthirdparties
-allcostsandexpensesoflitigationrecoveredbyanyclaimantfromtheInsured
-allcostsandexpensesincurredwiththewrittenconsentoftheInsurersarisingoutoftheprojectworkduringtheconstructionperiodandwhilstcarryingoutobligationsunderthewarrantyperiod.
Deductibles
SectionI–MaterialDamage
EstimatedContractValue-RMB68312700
1)10%ofloss,minimumUSD100000-anyoneoccurence-loss,destructionordamagecausedbyflooding,hurricanes,typhoons,earthquake,flood,waterdamage,subsidenceorcollapse,overtopping,designer’srisk,haulroadsonceinuseeitherpartiallyorfully;
2)10%ofloss,minimumUSD50000-anyoccyrrence-allotherlossordamange.
SectionII–ThirdPartyLiability
USD50000forVibration,RemovalorWeakeningofSupport
USD10000anyoneoccurrenceinrespectofotherThirdPartyPropertyDamage
NilinrespectofThirdPartyBodilyInjury
Jurisdiction
ShallbegovernedbyandconstruedinaccordancewiththelawofkingdomofCambodia.
TermsandConditions
Coverincludes,butnotlimitedto,thefollowingadditions:
SectionI:
MaterialDamage
1)Strike,RiotandCivilCommotion
2)ExtendedMaintenance(24months)
3)ExtraCharges(Limit:
USD100000a.o.a.Or25%ofloss,whicheverislower)
4)InlandTransit(Limit:
USD1000000anyoneconveyance)
5)ContractWorksTakenOverorPutintoService
6)ExistingProperty(Limit:
USD10,000,000a.o.aandinaggregate)
7)ProfessionalFeesClause(sublimit5%ofsuminsured)
8)AutomaticReinstatementofSumInsured(AdditionalPremiumforlossesgreaterthanUSD5,000,000)
9)ElectronicDataRecognitionClause(NMA2914)
10)OffsiteFabricationClause(sublimitUSD1,000,000)
11)PlansandDocuments(sublimitUSD100000)
12)PropertyinOffsiteStorage(limitUSD100000)
13)RemovalofDebrisClause(sublimit5%ofsuminsured,max.10%ofloss)
14)TimeAdiustmentclause(72hours)
15)Waiverofsubrogationagainstallinsuredparties,itsDirectors,Officers,EmployeesandConsultants.
16)NominatedLossAdjuster(Huaxin,Crwwford,GABRobins)
17)50/50clause
18)AutomaticIncreaseClause(30%)
19)AutomaticExtensionofperiod(6monthsatprorata)
20)Cessationofworkendorsement(30days)
21)VehiclesLicensedforGeneralRoadUsedasToolsofTradewithinthecontractsite
22)Lossnotificationendorsement(90days)
23)Unexplodedbombsclause
24)Preventativemeasuresclause(sub-limit:
USD1000000anyoneaccident,max10%ofloss)
25)PublicAuthoritiesclause(sub-limit:
USD5000000)
28)Losspayeeclause
26)Basisoflosssettlement(Replacement)
27)Temporaryrepairsclause(sub-limit:
USD1000000foranyoneaccident)
28)Non-vitiation/Breachofconditionsclause
29)Errorsofomissionsclause
30)Nocontrolclause
31)Paymentonaccountclause
32)Additionalfirefightingexpensesclause(sub-limit:
10%ofloss,maxUSD1000000foranyoneaccident)
Section2:
ThirdPartyLiability
33)CrossLiabilityClause
34)Vibration,RemovalorWeakeningofSupportClause
35)Additionalindemnities
36Contractualliability
37)Undergroundservices
38)Non-vitiation/Breachofconditionsclause
39)Vibrationremovalandweakingsupportclause
PremiumInstallments
1stinstallment:
40%withinonemonthfromthepolicyinception
2ndinstallment:
30%withineightmonthsfrom1stinstallment
3rdinstallment:
30%withintwelvemonthsfrom1stinstallment
ReinsuranceConditions
1)ClaimControlClause
2)ReinsuranceCutThroughClause
3)SimultaneousSettlementsClause
4)SeveralLiabilityNoticeLSW1001
5)PremiumPaymentClauseLSW3001
ReinsuranceRate:
TotalPremium:
SectionI:
SecitionII:
ERECTIONALLRISKSINSURANCEPOLICY
GeneralExclusions
TheInsurerswillnotindemnifytheInsuredinrespectofloss,damageorliabilitydirectlyorindirectlycausedbyorarisingoutoforaggravatedby
a)war,invasion,actofforeignenemy,hostilities(whetherwarbedeclaredornot),civilwar,rebellion,revolution,insurrection,mutiny,riot,strike,lock-out,civilcommotion,militaryorusurpedpower,agroupofmaliciouspersonsorpersonsactingonbehalfoforinconnectionwithanypoliticalorganization,conspiracy,confiscation,commandeering,requisitionordestructionordamagebyorderofanygovernmentdejureordefactoorbyanypublicauthority;
b)nuclearreaction,nuclearradiationorradioactivecontamination;
c)willfulactorwillfulnegligenceoftheInsuredorofhisrepresentatives;
d)cessationofworkwhethertotalorpartial.
Inanyaction,suitorotherproceedingwheretheInsurersallegethatbyreasonoftheprovisionsofExclusiona)aboveanyloss,destruction,damageorliabilityisnotcoveredbythisinsurancetheburdenofprovingthatsuchloss,destruction,damageorliabilityiscoveredshallbeupontheinsured.
PeriodofCover
TheliabilityoftheInsurersshallcommencenotwithstandinganydatetothecontraryspecifiedintheSchedule,directlyuponcommencementofworkoraftertheunloadingoftheitemsenteredintheScheduleatthesiteandshallcontinueuntilimmediatelyaftertakingoverorafterthefirsttestoperationortestloadingiscompletedwhateveristheearlier.If,however,apartofaplantoroneorseveralmachine(s)is/aretestedand/orputintooperationortakenover,thecoverforthatparticularpartoftheplantormachine(s)andanyliabilityresultingtherefromceaseswhereasthecovercontinuesfortheremainingparts.
Inthecaseofsecond-handitems,theinsurancehereundershall,however,ceaseimmediatelyonthecommencementofthetest.
AtthelatesttheinsuranceshallexpireonthedatespecifiedintheSchedule.AnyextensionsofthePeriodofInsurancearesubjecttothepriorwrittenconsentoftheInsurers.
GeneralConditions
1.ThedueobservanceandfulfillmentofthetermsofthisPolicyinsofarastheyrelatetoanythingtobedoneorcompliedwithbytheInsuredandthetruthofthestatementsandanswersinthequestionnaireandproposalmadebytheInsuredshallbeaconditionprecedenttoanyliabilityoftheInsurers.
2.TheScheduleandtheSection(s)shallbedeemedtobeincorporatedinandformpartofthisPolicyandtheexpression"thisPolicy"whereverusedinthiscontractshallbereadasincludingtheScheduleandtheSection(s).AnywordorexpressiontowhichaspecificmeaninghasbeenattachedinanypartofthisPolicyoroftheScheduleoroftheSection(s)shallbearsuchmeaningwhereveritmayappear.
3.TheinsuredshallathisownexpensetakeallreasonableprecautionsandcomplywithallreasonablerecommendationsoftheInsurerstopreventloss,damageorliabilityandcomplywithstatutoryrequirementsandmanufacturers'recommendations.
4.a)RepresentativesoftheInsurersshallatanyreasonabletimehavetherighttoinspectandexaminetheriskandtheInsuredshallprovidetherepresentativesoftheInsurerswithalldetailsandinformationnecessaryfortheassessmentoftherisk.
b)TheInsuredshallimmediatelynotifytheInsurersbytelephoneorEmailandinwritingofanymaterialchangeintheriskandcauseathisownexpensesuchadditionalprecautionstobetakenascircumstancesmayrequire,andthescopeofcoverand/orpremiumshall,ifnecessary,beadjustedaccordingly.
NomaterialalterationshallbemadeoradmittedbytheInsuredwherebytheriskisincreased,unlessthecontinuanceoftheinsu