INSURANCE CLAUSE :

Necessary Insurance cover shall be taken by you at your cost for the full value of the
material(s) entrusted to you for the purpose of fabrication and shall be valid for the period
till they are delivered back after fabrication to the full satisfaction of the user department.
The insurance policy shall cover losses, theft/burglary, damages due to fire, riot, strikes and
civil commotion and also arising out of external sources such as material falling on
Purchasers materials. The insurance policy shall include the name of the; Purchaser as the
sole

beneficiary.

The

President

of

India

acting

___________________________ is the sole beneficiary.

through

the

Director,

Value of the free issue of

materials amount to Rs. ________ ( Rupees ________________ only). The insurance

cover shall be submitted by you in advance to ____________________________ for
scrutiny before taking delivery of the free issue material from our site.