建工險英文保單

1、Builders risks insurance policyThis Policy comprises mainly the Schedule, Scope of Cover, Exclusions, Treatment of Claim, Insureds Obligations, General Conditions, and Special Provisions, including also the Proposal of insurance together with its attachments as well as any additions to be made, from

2、 time to time, by the Company in the form of Endorsement.WHEREAS THE INSURED named in the Schedule hereto has made to PING AN PROPERTY & CASUALTY INSURANCE COMPANY OF CHINA, LTD. (hereinafter called “the Company”) a written Proposal which together with any other statements made by the insured fo

3、r the purpose of this Policy is deemed to be incorporated herein and has paid to the Company the premium stated in the Schedule.NOW THIS POLICY OF INSURANCE WITNESSES that subject to the terms and conditions contained herein or endorsed hereon the Company shall indemnify the Insured for the loss or

4、damage sustained during the period of insurance stated in the Schedule in the manner and to the extent hereinafter provided.Ping An Property & Casualty Insurance Company of China LTD. Builders risks insurance policyType： Shipbuilding insurancePolicy No. ：10588000205011000002Insured：Zhuhai Jiangh

5、ua Marine & Engineering Co., LtdPost Addresses：Pingsha Yacht Industrial Zone,Zhuhai City,Guangdong Province,ChinaNature of Business：The manufacture of the yacht, speed boat and the high speed passenger shipCoverage ： The loss and the charge arised in course of construction, trials and delivery T

6、he loss and the charge of the materials, machinery and equipments in the area of the shipyard General average 、salvage charge、collision liability、wreck removing charge and Personal Injury Liability Interests：POWERPLAY 60 CATAMARAN (PP60-02)Estimated Turnover: USD930000.00(Equal to RMB5859000.00)Tota

7、l Sum Insured：USD930000.00(Equal to RMB 5859000.00), to be adjusted with the actual sum of the contractInsurance condition：The standard terms of watercraft fabrication insurance , including Extension:1.Voyage: The voyage from the shipyard to the port of loading, but the insured must give a written n

8、otification and get the agreement from the insurer before each voyage, and the insurer will assume the obligation under the terms of watercraft fabrication insurance.2.Transport: the cargo transport from the shipyard to any port at home (including Hong Kong and Macau), 3.Exhibition: during the perio

9、d of exhibition in the P.R .China (including Hong Kong and Macau) (three times during the period of insurance, limited one month each time) 4.The finished boat which is returned to the shipyard for repairing, but the insured must give a written notification, and get the agreement from the insurer be

10、fore each repaired, and the insurer will assume the obligation under the terms of watercraft fabrication insurance.Franchise ：1. Total loss: none2. Partial loss: RMB20,000.00 or 15% of loss in each accident of each boat ,whichever is higherPeriod：12 months, From September 7th, 2011 to September 6th

11、, 2012 (both dates inclusive)Premium Rate ：0.20%Annual Premium ：RMB11,718.00Insurer : Ping An Property & Casualty Insurance Company Of China , Ltd.Judicature Limit：The insurance policy is limited by the judicature of People's Republic of China.Claim settlement currency : RMBSpecial Stipulati

12、on: 1. The Insured shall report the value of hulls for constructing, self-navigating, transporting and  exhibiting within the agreed period. Premium will be adjusted according to actual constructing contract amount at the end of the policy period. In the event the actual premium is more than the deposit premium, the Insured shall pay the difference, if less, the difference shall be repaid to the Insured. The Insurer is entitled to check the financial data of the hu