Limit of indemnity for airfreight:
Maintenance of Machinery
We hereby declare that the statements made by us in this proposal are, to the best of our knowledge and belief, complete and true, and we hereby agree that this Proposal forms the basis and is part of my policy issued in connection with the above risk(s).
Specification of items to be insured
2- Replacement value must be calculated on the current cost of replacing the machine by new machinery of same kind.
3- If you also wish to cover the foundations, declare the value of foundations separately for each machine.
4- If any of the machines is a "stand-by", by the same should be identified in the following schedule.