MR 1366 – Special Conditions: Repairs to Combustion Engines (e.g. diesel, gas engines)

SPECIAL CONDITIONS: REPAIRS TO COMBUSTION ENGINES (e.g. diesel, gas engines) #

This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions
contained in the policy of insurance or endorsed thereon.

1. Condition

1.1. In the event of loss of or damage to cylinder liners, cylinder heads inclusive of accessories and pistons, the amount indemnifiable in respect of the items thus affected shall be depreciated at an annual rate to be determined at the time of the loss, this rate being not less than 10% per annum but not more than 50% in total.