For use only with the Cargo Insurance Policy of Antwerp dd. 20.04.2004

 

« REPLACEMENT CLAUSE »

 

Clause CE201 of the Royal Belgian Association of Marine Insurers dd. 27 May 2004

 

Free and non-committal translation

 

In case of dispute regarding the interpretation of the wording, the Dutch and/or French version prevail

 

 

In the event of loss of or damage to any part of the subject-matter insured the assured commits himself, if the insurers request it, to have this part replaced or repaired. The costs of returning to the factory, reforwarding, replacement and repair are at the expense of the insurers. Loss of or damage to any part of the subject matter does not constitute any right to abandonment nor can it be considered as a total loss of the subject matter insured, regardless the right to abandonment for loss or damage of ¾ of the value.

 

This insurance is always free from abandonment for all radioactive goods even if they became radioactive after inception of the risks.