Loss of Branded Goods Clause

LOSS OF BRANDED GOODS CLAUSE #

In case  of  damage  to  property  bearing  brands labels and trademarks the sale of which carries in any way  a guarantee  of  the Insured, the salvage value of such damaged property shall be determined after  the removal  in the customary manner of all brands labels and trade marks which might be taken to indicate that the guarantee of the Manufacturer or the Insured attached to said property.  However notwithstanding anything to the contrary elsewhere herein, it is understood  and  agreed that in case of damage  to goods insured under  this Policy due to a peril  insured against, the Insured  or their representatives  are  to  retain  control  of  all damaged  goods.  The   Insured,   however   agrees wherever practicable to  use  recondition or  sell such goods, the sale  being made after removal  of all brands labels or trademarks, with the  Insurer being entitled to the proceeds of the sale.  Where the use or disposal or sale of damage goods  would be   in  the  opinion  of  the  Insured  of  their representative detrimental to their interest  such damage  shall  be  treated as a constructive total `loss  and  the  Insured  shall destroy the damaged goods in the presence of a representative  of  the Insurer and the Insured.