增加条款的资产.docx

Capital Additions and New Location Clause (CU)The insurance afforded by this Policy hereby extends to cover:a) The Property and Stock at any new location acquired by the insured or of any newly acquired associated or subsidiary companies, or joint ventures.b) Alterations, additions, deletions or improvements to the Property Insured including Stock.For an amount not exceeding 10% of each item (subject to maximum of $40,000,000) it being understood that the Insured will advised the Insurers within 30 days of:i) Full details of new location or any newly acquired associated or subsidiary company or joint venture.ii) Full details of any alteration, addition or improvement to the Property Insured including Stock.and will pay the appropriate additional premium thereon.For any amount in excess of $40,000,000 it is understood that the Insured will immediately advise the Insurers and will pay the appropriate additional premium thereon.Capital Additions ClauseThe policy shall extend to include alterations, additions and improvements to the property insured (excluding stock in trade and/or merchandise) to an amount not exceeding 10% of the sum insured under that item. However, the insured shall advise the company of such alterations, additions and improvements as soon as practicable after such alterations, additions and improvements are made any pay the appropriate extra premium.Capital Additions Clause(CICL A21, HKCI F05, UIS CL.11)The insurance under this Policy extends to include additions and extensions to property insured, but not appreciation in value, made after the commencement of each annual Period of insurance for an amount not exceeding in any event the relative item, it being understood that the Insured will declared half-yearly the value of any such additions and extensions and will pay the appropriate additional premium required from inception of the additional cover.Amounts so declared shall be added to the sum insured by the relative item by endorsement whereupo