OVERHAUL OF PLATEN PRESSES #
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the following shall apply to this insurance in respect of
item(s) No(s) ……………………………………………………..
contained in the specification of the Policy :
The Insured shall arrange at his own expense an overhaul (the Insured shall inform the Insurers of such an overhaul in good time so that the Insurers’ representatives may be present during the overhaul at the Insurers’ expense) of all highly stressed parts of platen presses as well as an inspection by an expert in non-destructive testing and shall supply the Insurers with reports on this overhaul and inspection. The expert shall determine the date of the next overhaul. Such overhauls/inspections shall take place at intervals of at least 12 months.
These provisions shall apply regardless of the commencement date of the insurance cover.
The Insured may apply for an extension of the period between overhauls. Such extension shall be granted 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 or damage caused by any circumstances which could have been detected had an overhaul taken place.
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