MR 842 – Non-Destructive Testing (NDT) of Presses, Shears and Similar Items with Frames or other Components exposed to High Stresses

MR 842 – NON-DESTRUCTIVE TESTING (NDT) OF PRESSES, SHEARS AND SIMILAR ITEMS WITH FRAMES OR OTHER COMPONENTS EXPOSED TO HIGH STRESSES #

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall indemnify the Insured in respect of loss of gross profits in consequence of an accident to

item (s) No(s)

specified in the List of Machinery and Plant Insured, provided that the following conditions have been complied with

• The Insured shall arrange at his own expense for a NOT of all highly stressed parts by an expert.
• The expert shall determine the date of the next NOT. Such NOT shall take place at intervals not exceeding 12 months.
• Cover for the above listed item(s) shall not commence until after NOT, unless NOT has been carried out with satisfactory results within 9 months prior to inception
• New items shall undergo NOT prior to the termination of the manufacturers’ guarantee period.
• The Insured shall inform the Insurers of the intended NOT in good time, so that the latter can be present during the NOT at their own expense.
• The Insured shall supply the Insurers with the available reports.

The Insured may apply for an extension of the period between NOT intervals. Such extension shall be granted only if in the opinion of the Insurers the risk is not aggravated thereby.

If the Insured fails to comply with the requirements of this Endorsement, the Insurers shall be free from all liability for loss of gross profits following loss or damage caused by any circumstance which could have been detected had NOT taken place.