(This insurance is subject to English law and practice)

VESSEL...........................……………….........Contract or Yard No. ...............................….............

BUILDERS..........................................………………....................…................................................

.................................................................................………………................................................….

BUILDERS’YARDS........................................................................…………………...................…..

SUBJECT OF INSURANCE

(Where more than one part of the subject-matter insured is described in Section I(A), Section I(B) or Section II below, then the respective wording of Section I(A), Section I(B) or Section II shall be applied to each part separately.)

SECTION I.

Provisional Period ................................................from........................................but this insurance to terminate upon delivery to Owners if prior to expiry of Provisional Period.

(A) HULL and MACHINERY etc. under construction at the yard or other premises of the Builders.

Description

Contract or Yard No.

Provisionally valued at

To be built at / by

The subject-matter of this sub-section (A) is covered whilst at Builders’ Yard and at Builders’ premises elsewhere within the port or place of

construction at which the Builders’ Yard is situated and whilst in transit between such locations. The Underwriters’ liability in respect of

each item of this sub-section (A) which is at such locations shall attach from the time;-

(I) of inception of this Section I if such item has already been allocated to the Vessel;

(II) of delivery to Builders of such item (if allocated) when delivered after inception of this Section I;

(III) of allocation by Builders if allocated after inception of this Section I.

(B)MACHINERY etc. insured hereon whilst under construction by Sub-Contractors.

Description

Contract or Yard No.

Provisionally valued at

To be built at / by

The subject-matter of this sub-section (B) is covered whilst at Sub-Contractors’ works and at Sub-Contractors’ premises elsewhere within the port or place of construction at which the Sub-Contractors’ works are situated and whilst in transit between such locations.

The Underwriters’ liability in respect of each item of this sub-section (B) which is at such locations shall attach from the time:--

(I) of inception of this Section I if such item has already been allocated to the Vessel;

(II) of delivery to the Sub-Contractors of such item (if allocated) when delivered after inception of this Section I;

(III) of allocation by the Sub-Contractors if allocated after inception of this Section I.

The subject-matter of this sub-section (B) is also covered whilst:--

(a) in transit to Builders if the transit is within the port or place of construction at which the Builders’ Yard is situated;

(b) at Builders’ Yard and at Builders’ premises elsewhere within the port or place of construction at which the Builders’ Yard is situated and whilst in transit between such locations.

SECTION II.

Provisional Period ........................................………….....from...................................................................

but this insurance to terminate upon delivery to Owners if prior to expiry of Provisional Period.

MACHINERY etc. insured hereon from delivery to Builders.

Description	Contract or Yard No.	Provisionally valued at	To be built at/by
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