MR 564 – Special Condition Concerning Delay in Repair

SPECIAL CONDITION CONCERNING DELAY IN REPAIR #

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 within the agreed indemnity period be liable for a period not exceeding four weeks for the additional expenditure incurred due to a delay in the repair of electronic equipment of foreign make on account of the distance between the premises and the place of repair or manufacture (delays in repair due to the procurement of spare parts or spare machinery abroad, the employment of foreign specialists, the shipment of the damaged equipment to  a firm abroad and back, etc)