1

ACTS OR OMISSIONS CLAUSE

iu khon v hnh ng hoc thiu st:

This insurance shall not be prejudiced by any act or omission of the

owner of the building, if the Insured is not the owner thereof; or by
any act or omission on the part of sub or other tenants, when such
acts or omissions are not within the control of the Insured.

Hiu lc bo him ca n bo him ny s khng bi phng hi bi

bt k hnh ng hoc thiu st no ca ngi ch s hu ngi
nh, nu Ngi c bo him khng phi l ngi ch nh ; hoc
bt k hnh ng hoc thiu st no ca nhng ngi thu nh
ph hoc nhng ngi thu nh khc, khi nhng hnh ng hoc
thiu st khng thuc s kim sot ca Ngi c bo him
iu khon bo him v chung bo trm cp v h thng
bo v

ALARM AND PROTECTION CLAUSE

It is a conditions precedent to the liability of the Company under
this Insurance that :
1. The premises containing the Insured property are fitted with a
burglary alarm system approved by the Company, and that no
withdrawal, alteration or variation of the system, or any structural
alteration which might affect the system, shall be made without the
consent of the Company
2. The burglary alarm system and all locks and padlocks shall have
been put into full and effective operations at all items when the
Assured's premises are closed for business, and at all other
appropriate times.
3. The burglary alarm system shall have been maintained in good
order throughout the currency of this Insurance under a
maintenance contract with the Installing Company.
4. All other protections provided for the safety of the Insured
property shall be maintained in good order throughout the currency
of this Insurance and that they are in full and effective operation at
all appropriate times.
5. All keys and duplicate keys relative to the above alarm and
protections are removed from the premises when the premises are
closed for business, and at all other appropriate times.Subject
otherwise to the terms exceptions and conditions of this Policy

ALL OTHER CONTENTS CLAUSE

Cc bn tho thun v hiu rng iu kin tin quyt rng

buc trch nhim ca BAOVIET theo n bo him ny l:
1. a im cha ti sn c bo him phi c lp t c
nh h thng chung bo trm cp c BAOVIET chp thun,
Ngi c bo him khng c thc hin vic tho b, sa i b
sung h thng ny hoc bt c thay i no v cu trc c th
nh hng ti h thng khi cha c s ng bng vn bn ca
BAOVIET.
2. H thng chung bo trm cp v ton b kho v kho mc
phi c lp t v hot ng tt ti a im ca Ngi c
bo him ti bt c thi gian no ngoi gi lm vic, v vo tt c
cc khong thi gian hp l khc.
3. H thng chung bo trm cp phi c bo dng tnh trng
hot ng tt trong sut thi hn bo him theo mt hp ng bo
dng ca Ngi c bo him vi Cng ty lp t h thng .
4. Tt c cc thit b bo v khc cho s an ton ca ti sn c
bo him phi c bo dng tnh trng hot ng tt trong sut
thi hn bo him v lun lun hot ng tt trong bt c khong
thi gian hp l no.
5. Ton b cc cha kho v cha kho kp dng cho h thng
chung v thit b bo v ni trn phi c chuyn ra ngoi a
im c bo him khi c s ng ca ngng lm vic, hoc
vo bt c khong thi gian hp l no.
Trn c s tun theo cc iu kin, nhng im loi tr v iu
khon ca n bo him ny.
Tt c nhng ti sn khc

It is agreed that the term All Other Contents is understood to

include:
a) Money and stamps not otherwise specifically insured for an
amount not exceeding US$ 1,000

Cc bn ng v hiu rng thut ng ' Tt c cc ti sn khc"

trong n ny, bao gm
a) Tin bc, su tp tem, cha c bo him theo mt n bo him
no khc , vi s tin khng vt qu

b) Documents, manuscripts and business books but only for the

b) Ti liu, bn tho, s sch kinh doanh nhng ch tnh gi tr ca

value of the materials as stationery together with the cost of

clerical labor expended in writing up, and not for the value to the
Insured of the information contained therein for an amount in
respect of any one document, manuscript or business book not
exceeding US$ 1,000
c) Computer systems records but only for the value of the materials
together with the cost of clerical labour and computer time
expended in reproducing such records (excluding any expenses in
connection with the production of information to be recorded
therein) and not for the value to the Insured of the information
contained therein and for an amount not exceeding US$ 5,000

Patterns, models, molds, plans and designs, for an amount in

respect of any one pattern, model, mould plan or design not
exceeding US$1,000 and so far as they are not otherwise insured:
d) Employees pedal cycles, clothing, tools and other personal
affects for an amount in respect of any one employee not
exceeding US$ 1,000.4.
ALTERATIONS AND ADDTIONS CLAUSE
Alterations, additions and repairs to building (s), plant, fixture and
fittings and machinery (exclusive of any Sprinkler Installation) and
work in progress allowed if carried out by the Insured and the
insurance by this Policy is extended to cover such alterations,
additions and repairs.
In the event of any outside contractor being called in to perform
any alterations, additions or repairs, this insurance is extended to
cover such work subject to any one contract exceeding US$ 50,000
prior notice thereof must be given to the Insurers who reserve the
right to charge an additional premium in respect of the inclusion of
such Contract in the coverage hereunder.

nguyn vt liu cng vi hao ph lao ng hnh chnh thc t

pht sinh lm ra nhng ti liu m khng tnh n gi tr
ca thng tin cha ng trong nhng ti liu i vi Ngi c
bo him. Mi ti liu, mi bn tho v mi cun s vi s tin
khng vt qu
c) H thng d liu my tnh nhng ch tnh gi tr ca nguyn
vt liu cng vi hao ph lao ng hnh chnh v thi gian my
chy thc t pht sinh sao chp cc d liu (loi tr bt k
chi ph no lin quan n vic to lp nhng thng tin lu tr
trong ),khng tnh gi tr ca thng tin cha ng trong nhng
ti liu i vi Ngi c bo him, vi s tin khng vt qu
d) Xe p, qun o, dng c v cc ti sn c nhn khc ca nhn
vin ca Ngi c bo him, vi gi tr ti sn ca mi ngi khng
vt qu
iu khon v thay i v b sung ti sn:
Cc bn tho thun v hiu rng n bo him ny m rng p
dng cho vic thc hin cc cng vic sa i, b sung v sa
cha nhng ngi nh, nh xng, h thng trang thit b ni tht
lp t c nh v my mc (loi tr bt c thit b cha chy
t ng ny) v cc sn phm d dang cn ang trong qu trnh
sn xut vi iu kin l cc cng vic c thc hin bi Ngi
c bo him.

ALTERATION AND REPAIR CLAUSE

Trong trng hp, Ngi c bo him mi ch thu t bn ngoi

thc hin cc cng vic ni trn, bo him theo n ny s c m
rng i vi cc cng vic nh vy trn c s gi tr mi hp ng
khng vt qu US$ 50,000 v Ngi c bo him phi thng bo trc
vic ny cho BAOVIET, bn c quyn quyt nh v ph ph bo
him m Ngi c bo him phi ng m rng bo him cho
cc hp ng nh vy.
iu khon v thay i v sa cha:

Workmen are allowed in or about any premises herein referred to

carrying out alterations and repairs without prejudice to the terms
of this insurance.

Cng nhn c php trong hoc gn a im bo him nu

trong n bo him ny khi thc hin cc cng vic thay i v
sa cha m khng nh hng ti hiu lc ca n bo him ny

APPRAISEMENT

iu khon nh gi ti sn:

If the aggregate claim for any one loss does not exceed US$ 100 or 5% of the Sum
Insured whichever is the lesser amount by the item or items affected no special
inventory or appraisement of the undamaged property shall be required.

Nu nh tng s tin khiu ni v bt k mt tn tht no i vi

mt hoc nhiu hng mc b tc ng bi tn tht, khng vt qu
USD100 hoc 5% ca s tin bo him, ( gi tr nh hn s c p
dng), BAOVIET s khng yu cu kim k c bit hoc nh gi
cc ti sn khng b h hi.

If two or more buildings be included in a single item, this provision

shall apply to the range of buildings and/or content by the item or
items so affected.

APPROVED ADJUSTERS
It is hereby agreed and declared that any loss under the policy will be assessed by
any Assessor to be mutually agreed upon.

ARCHITECTS' SURVEYORS' AND CONSULTANT ENGINEERS' FEES

[The insurance by this policy extends to include architects' surveyors' and consultant
engineers' legal and other fees (not exceeding those authorized under the scale of the
various Institutions and /or Bodies regulating such fees prevailing at the time of the
destruction or damage)for estimates, plans, specifications, quantities, tenders and
supervision necessarily incurred in the reinstatement consequent by fire or any other
peril hereby insured against (but not such fees for preparing a claim hereunder )
[provided that the liability for such destruction or damage and fees shall not exceed
in the aggregate the sum insured]
Note: If fees are insured by means of a separated item the words
in square brackets are deemed to be omitted

ARMED ROBERY AND / OR HOLD-UP CLAUSE

It is hereby declared and agreed that this Policy is extended to cover the risks of
robery and/or hold-up but excluding theft unaccountable and inventory loss and
mysterious disappearance of the Insured property.
Robery and/or hold-up as used in this Policy means the felonious and forcible
taking of the Insured property:1. by violence inflicted upon any member of the Insureds staff;
2. by putting him in fear or violence;
3. by any other overt felonious act committed in his presence and of which he was
actually cognizant, provided such other act is not committed by an officer or
employee of the Insured;
4. from the person or direct care and custody of any member of the insureds staff
who has been killed or rendered unconscious by injuries inflicted maliciously or
sustained accidentally.

Nu nh c hai hoc nhiu ngi nh c bao gm trong mt hng

mc n l, iu khon ny s p dng i vi phm vi ca nhng
ngi nh v/hoc ti sn bn trong theo mt hoc nhiu hng mc
b tn tht.
iu khon s dng Cng ty tnh ton tn tht theo tho
thun
Cc bn tho thun v tuyn b rng bt k tn tht no pht sinh
trong n bo him ny s c nh gi bi bt k mt Cng ty
tnh ton tn tht no do hai bn tho thun.
iu khon bo him chi ph cho kin trc s , gim nh
vin v chuyn gia t vn v k thut vin:
{Cc bn tho thun v ng rng bo him theo n ny s c
m rng} i vi cc chi ph php l v chi ph khc cho kin trc
s, gim nh vin v chuyn gia t vn v k thut vin (nhng khng
vt qu cc biu mc v chi ph m cc c quan c chc nng
quy nh p dng ti thi im xy ra tn tht) m Ngi c
bo him phi chi tr c lng, lp s , nh lng, lp danh
mc ti sn, m thu v kim sot trong qu trnh khi phc ti
sn sau khi xy ra Chy hoc cc ri ro c bo him theo n
ny (nhng khng p dng i vi chi ph lp h s khiu ni) [Vi
iu kin l trch nhim bi thng ca BAOVIET cho cc tn tht
v phn chi ph ny khng vt qu tng s tin bo him k khai
trong n bo him ny].
Ghi ch: Nu cc chi ph ny c k khai nh mt hng mc ring
bit c bo him theo n ny, cm t trong ngoc vung s b
xo b.
iu khon bo him ri ro cp bc v/hoc cp ng c v
trang
Cc bn tho thun v tuyn b rng, n bo him ny m rng
bo him cho hot ng cp bc v / hoc cp ng c v trang
tuy nhin loi tr cc tn tht i vi ti sn gy ra do trm cp
khng gii thch c, v pht sinh trong qu trnh kim k, v mt
tch b him.
Thut ng "Cp bc v/hoc cp ng" c s dng trong n
ny c ngha l vic chim ot ti sn mt cch phm php c v
lc:
1. bng cch thc hin hnh ng bo lc vi bt k nhn vin no
ca Ngi c bo him
2. bng cch e do thc hin hnh ng bo lc i vi bt k
nhn vin no ca Ngi c bo him

Subject otherwise to the terms exceptions and conditions of this Policy.

10

AUTOMATIC COVER CLAUSE

The indemnity provided by this policy shall apply automatically and
shall include all new or additional property as described in the
Schedule from the time that construction or acquisition of such
property is completed or that title to such property is transferred to
the Insured or the Insured becomes responsible for such property
(unless more specifically insured) but the liability of the Insurer for
such extension shall not exceed ten per cent of the Total Sum
Insured. It is understood that the Insured shall advise the Insurers
of all such new or additional property within 60 days and a pro-rata
additional premium will be chargeable.

11

AUTOMATIC REINSTATEMENT CLAUSE (*)

In the event of loss or damage recoverable under this insurance,
the sum insured by this policy shall, in the absence of written
notice by the Company or the Insured to the contrary, be
immediately reinstated in consideration of which the Insured
undertakes to pay appropriate additional premium.

12

AUTOMATIC REINSTATEMENT OF SUM INSURED CLAUSE (**)

4. t ngi c trch nhim trng gi ti sn ca Ngi c bo him

hay nhn vin ca Ngi c bo him, m ngi b git hoc
bt tnh do chn thng gy ra do c hoc pht sinh bt ng.
Trn c s tun theo cc iu kin v nhng gii hn ca n
bo him ny
iu khon bo him t ng:
Phm vi bi thng theo n bo him ny s c bao gm v p
dng t ng i vi ton b nhng ti sn mi hoc b sung nh
m t trong Giy chng nhn bo him (Bn tm tt iu kin
bo him) k t khi hon thnh vic xy dng hoc chim hu
nhng ti sn hoc mt b phn ca nhng ti sn c
chuyn giao cho Ngi c bo him hoc Ngi c bo him phi
chu trch nhim v ti sn (tr khi nhng ti sn c
bo him bi cc n bo him c tnh cht c th hn) nhng
trch nhim ca BAOVIET theo iu khon ny s khng vt qu
10% ca Tng s tin bo him. Cc bn ng rng Ngi c
bo him phi thng bo v tt c nhng ti sn mi hoc b
sung trong vng 60 ngy k t khi pht sinh v thanh ton khon
ph ph bo him tnh theo t l cho BAOVIET.
iu khon t ng khi phc s tin bo him (*)
Trong trng hp pht sinh tn tht c th c bi thng theo n
bo him v cha c vn bn xc nhn ca BAOVIET hoc ca Ngi
c bo him, s tin bo him theo n ny s ngay lp tc c
khi phc y k t ngy xy ra tn tht trn c s Ngi c
bo him cam kt ng cho BAOVIET mt khon ph ph bo
him thch hp.
iu khon t ng khi phc s tin bo him (**)

AUTOMATIC EXTENSION OF CONTRACT WORK

Trong trng hp pht sinh bt k khiu ni no theo n bo him

ny v cha c vn bn xc nhn ca BAOVIET hoc ca Ngi c
bo him, s tin bo him gim bi khiu ni s c t ng
khi phc k t ngy xy ra tn tht trn c s Ngi c bo him
cam kt ng cho BAOVIET mt khon ph ph bo him thch
hp.
iu khon t ng m rng thi hn hp ng bo him

Notwithstanding anything contained herein to the contrary, it is

hereby agreed and noted that the period of insurance under this
policy shall be automatically extended to a pro-rata premium for
period additionally required from the expiry date in the case that
the contract work is not yet completed and the Insured shall notify
the Insurer of such period required to complete the contract work.

Cc bn tho thun v ghi nhn rng, bt k tn ti nhng im

no tri ngc trong n bo him ny, thi hn bo him theo n
ny s c t ng m rng vi mt khon ph ph bo him cho
thi hn b sung trong trng hp n ngy ht hn hiu lc
ca hp ng bo him, cng vic theo hp ng vn cha hon
thin (kt thc) v Ngi c bo him phi thng bo cho Ngi

In the event of any claim having occurred under this policy and in the absence of
written notice by the Insured to the contrary, the amount of insurance canceled by
such claims is to be automatically reinstated as and from the date of the damage, the
Insured undertaking to pay the appropriate additional premium as may be required
for such reinstatement from that date.
13

3. bng bt c cc hnh ng ti phm nghim trng v cng khi

trc s chng kin ca nhn vin m nhn vin thc c
vi iu kin l hnh ng khng phi do nhn vin ca Ngi
c bo him gy ra

14

15

Limit : ...... months

bo him v thi hn yu cu thm hon tt cc cng vic

trong hp ng . Gii hn thi gian : ..... thng

AUTOMATIC EXTENSION OF PERIOD OF INSURANCE

iu khon t ng m rng thi hn bo him.

Notwithstanding anything contained herein to the contrary, it is

hereby agreed and noted that the period of insurance under this
policy shall be automatically extended to a pro-rata premium for
period additionally required from the expiry date upon the
requirement of the insured provided that the Insured shall notify
the Insurer of such period required. Limit : ...... months

Cc bn tho thun v ghi nhn rng, bt k tn ti nhng im

no tri ngc trong n bo him ny, thi hn bo him theo n
ny s c t ng m rng vi mt khon ph ph bo him cho
thi hn b sung k t ngy kt thc hiu lc hp ng bo him
trn c s yu cu ca Ngi c bo him vi i kin l Ngi c
bo him phi thng bo cho BAOVIET v thi hn yu cu thm
. Gii hn thi gian : ..... thng
iu khon v xe t:

AUTOMOBILE CLAUSE
The housing of automobiles is allowed and it is warranted that no
inflammable spirit intended for fuel in connection therewith be at
any time in the portion of the building under the control of the
Insured other than that contained in the reservoirs of such
automobiles or in approved underground storage systems or in
sealed metal containers.

Cc bn tho thun v ng rng BAOVIET cho php t c ct

gi trong nh v Ngi c bo him cam kt rng vo bt c
thi gian no cng khng cht lng d chy vi mc ch lm
nhin liu cho xe t ti bt k v tr no trong ngi nh thuc s
kim sot ca Ngi c bo him tr khi cc cht c cha
trong cc bnh d tr ca nhng xe t hoc trong h thng
kho cha ngm c chp nhn l ph hp hoc trong cng te n
kim loi c nim phong.
iu khon gim nh nguyn tc bo him di gi tr

16

AVERAGE RELIEF CLAUSE

Nu ti thi im thc hin vic thay th hoc khi phc ti sn,

s tin th hin phn chi ph l ra pht sinh thay th hay
khi phc nu ton b ti sn c bo him b ph hu, vt qu
15% s tin bo him vo lc xy ra ho hon hay ti thi im
bt u s ph hu ti sn c bo him do bt k ri ro no c
bo him theo n ny gy ra, Ngi c bo him s c coi nh l
t bo him cho phn vt qu v s t chu mt phn ca tn
tht theo t l tng ng. Mi hng mc theo n bo him ny
tun theo nguyn tc ca iu khon ny mt cch ring r.

17

If at the time of replacement or reinstatement the sum

representing the cost which would have been incurred in
replacement or reinstatement if the whole of the property covered
had been destroyed, exceeds the sum insured hereon by 15% at
the breaking out of any fire or at the commencement of any
destruction of or damage to such property by any peril insured
against by this policy, then the insured shall be considered as being
his own insurer for the exceed and shall bear a rateable proportion
of the loss accordingly. Each item of the policy to which this
memorandum applies shall be separately subject to the foregoing
provision.
AWNINGS, BLINDS & SIGNS CLAUSE
This policy extends to cover Awnings, Blinds, Signs or other outdoor
fixtures or fittings of any description insured up to US$ 10,000.
BOILER EXPLOSION CLAUSE

n bo him ny m rng bi thng cho thit hi i vi mi che,

rm chn, bng hiu v cc trang b khc lp t bn ngoi ca
cc hng mc c bo him theo n ny vi iu kin l s tin
bi thng theo iu khon ny khng vt qu US$ 10,000.
iu khon n ni hi

The indemnity as granted by this policy shall apply also to

accidental loss or damage to property as within defined caused by
explosion of boiler vessel or apparatus designed to operate under
steam pressure provided that the Insured shall have taken
reasonable precautions to comply with all legal requirements
relating to inspection that apply to any boiler vessel or apparatus

Phm vi bo him theo n ny s c p dng i vi cc tn tht

bt ng ti nhng ti sn c quy nh theo n ny pht sinh do
n ni hi, bnh cha v cc thit b hot ng bng p lc hi
nc vi iu kin l Ngi c bo him phi thc hin cc bin
php an ton hp l tun th theo tt c cc yu cu php quy
lin quan ti vic kim tra p dng i vi ni hi, bnh cha v

18

iu khon v mi che, rm chn v bng hiu

19

from which the explosion arises.

BRAND AND LABEL CLAUSE

cc thit b c nguy c pht n.

iu khon v nhn v mc thng mi

1. In the event of a claim for loss or damage to the Property

Insured under this Policy it is understood and agreed that any
salvage of branded goods shall not be disposed of by sale without
the consent of the Insured. In the event of the Insured not
consenting to such sale the salvage value as agreed shall be taken
into account in the settlement of loss.

1. Trong trng hp pht sinh khiu ni v tn tht ca ti sn c

bo him theo n ny, cc bn hiu v tho thun rng BAOVIET
s khng bn bt c hng ho dn nhn thu hi c khi cha c
vn bn chp thun ca Ngi c bo him. Trong trng hp Ngi
c bo him khng chp thun vic bn cc hng ho , phn
gi tr thu hi theo tho thun s c tnh n khi gii quyt bi
thng.

The Insured may at their own expenses, stamp "salvage" on the

merchandise or its containers, or may remove or
literate the
brands or labels, if such stamp, removal or
literation will not
physically damage the merchandise provided any such
merchandise or containers are relabelled in compliance with the
requirement by Law.
2. In the event of damage affecting labels, containers or wrappers
the Insurer shall not be liable for more than an amount sufficient to
pay the cost of new labels, containers or wrappers, and the cost of
reconditioning the goods but in no case shall the Insurer be liable
for more than the insured value of the damaged merchandise.

20

21

Ngi c bo him bng chi ph ca mnh c th ng du hiu

"hng ho cu c" ln trn hng ho hoc cng te n hoc c
th bc hoc xo nhn v mc thng mi c nu vic dn li, hay
bc xo nhn hiu khng gy h hi vt cht cho hng ho ny vi
iu kin l vic dn li nhn hiu phi tun th theo yu cu ca
php lut
2. Trong trng hp h hi gy nh hng ti nhn mc, cng te n
hoc bao gi, BAOVIET s khng chu trch nhim bi thng cho s
tin ln hn khon tin y thanh ton chi ph mua nhn
mc, cng te n hoc bao gi mi v chi ph tu sa li hng ho
nhng trong mi trng hp khng vt qu gi tr bo him ca hng
ho b h hi.

BRANDS OR TRADEMARK CLAUSE.

iu khon v du hoc nhn hiu

In case of damage by a peril insured against to property bearing a

brand or trademark or which in any way carries or implies the
guarantee or the responsibility of the manufacturer or Insured, the
salvage value of such damaged property shall be determined after
removal at the Insurer's expense in the customary manner of all
such brands or trademarks or other identifying characteristics. The
Insured shall have full right to the possession of all goods involved
in any loss under this Policy and shall retain control of all damaged
goods. The Insured, exercising a reasonable discretion, shall be the
sole judge as to whether the goods involved in any loss under this
Policy are fit for consumption. No goods so deemed by the Insured
to be unfit for consumption shall be sold or otherwise disposed of
except by the Insured or with the Insured's consent, but the Insured
shall allow the Insurer any salvage tained by the Insured on any
sale or other disposition of such goods.

BRANDS LABELS OR TRADE MARKS CLAUSE

Trong trng hp pht sinh tn tht do mt ri ro c bo him i

vi ti sn mang du hoc nhn hiu hoc bng bt c hnh thc
no hay ngm nh s cam kt hay trch nhim ca ngi ch to
hay Ngi c bo him, gi tr thu hi ca nhng ti sn b h hi s
c xc nh sau khi tt c cc du hiu hay nhn hiu hay nhng
c trng c th nhn bit khc c b i vi chi ph do BAOVIET
chu theo thng l. Ngi c bo him s c ton b quyn s
hu tt c cc hng ha lin quan n bt k tn tht no theo
n bo him ny v gi quyn kim sot ca ton b hng ho
b tn tht. Ngi c bo him, thc hin vi s thn trng hp l,
s l ngi duy nht c thm quyn xt on xem cc hng ho b
tn tht theo n bo him ny c tiu chun tiu dng
na hay khng. Nhng hng ho no m theo Ngi c bo him
khng tiu chun tiu dng s khng c bn i hay b vt
b tr phi vic bn hng vt b c thc hin hoc chp thun
bi Ngi c bo him, v Ngi c bo him phi cho php
BAOVIET nhn phn thu hi m h bn hoc chuyn nhng
nhng hng ho .
iu khon v du mc hoc nhn hiu

In case of damage to property bearing a brand, label or trade mark,

or which in any way carries or implies the guarantee or the

Trong trng hp pht sinh tn tht i vi ti sn mang du v nhn

hiu hoc bng bt k hnh thc no cha ng hay ngm

responsibility of the manufacturer of Insured, the salvage value of

such damaged property shall be determined subject to removal in a
manner which will not physically damage the property of all such
brands, labels, or trade marks or other identifying characteristics.

nh cam kt hay trch nhim ca ngi ch to hay Ngi c bo

him, gi tr thu hi ca nhng ti sn b h hi s c xc nh tt
c cc du hiu hay nhn hiu hay nhng c trng c th nhn
bit khc c b i vi chi ph do BAOVIET chu v theo cch thc
khng gy h hi vt cht cho ti sn mang du mc hoc nhn
hiu hoc cc c trng c th nhn bit khc .

22

BREACH OF CONDITIONS

iu khon v vi phm cc iu kin

23

The conditions and warranties of this policy shall apply individually

to each of the risks insured and not collectively to them. Thus a
breach of any condition or warranty shall void the respective
section only and not affect the other section of the policy in respect
of the risks.
BREACH OF WARRANTY

Cc iu kin v cam kt quy nh trong n bo him ny p

dng ring r i vi mi ri ro c bo him ch khng p dng
cho tt c cc ri ro. V vy vic vi phm bt c iu kin hay
cam kt no ch lm mt hiu lc cc phn lin quan m khng
tc ng n cc phn khc ca n bo him ny.
iu khon vi phm cam kt hp ng

24

If a breach of any warranty or condition in any form or

endorsement attached to or made a part of this insurance shall
occur, and become known to the Insured which breach by the
terms of such warranty or condition, shall operate to suspend or
void this insurance; it is agreed that such suspension or voidance
due to such breach shall be effective only during the continuance
of such breach, and then only as to the building or contents therein
or other separate location to which such warranty or condition has
reference and in respect to which such breach occurs.
BREAKAGE OF FIXED GLASS AND/OR OUTDOOR SIGNS

Nu pht sinh bt k s vi phm cc cam kt hoc iu kin di

hnh thc no hoc iu khon b sung nh km v hp thnh
b phn php l ca n bo him ny v Ngi c bo him nhn
thc s vi phm , bo him theo hp ng ny s b nh ch
hoc hu b, cc bn ng rng vic hu b v nh ch do s
vi phm s ch c hiu lc trong thi gian tip din ca s vi
phm ny, v ch p dng trong phm vi nhng ngi nh hoc ti
sn bn trong hoc cc a im ring bit m nhng cam kt
lin quan n chng b vi phm.
iu khon bo him cho knh lp t c nh v bng
hiu bn ngoi

In consideration of the payment of an additional premium, it is hereby declared and

agreed that notwithstanding anything within written policy contained to the contrary,
the insurance under this policy shall extend to cover breakage of fixed glass
occurring within the premises described in the Schedule (including any writing or
accident occurring within the premises described in the Schedule (including any
writing or ornamentation thereon if such is specifically included in the Schedule but
only to the extent of the sum insured against such ornamentation and writing
whichever be the less); but excluding
1. Stained glass or memorial window
2. Bent, curved or elaborate installed lass and/or outdoor signs
3. Replacement of glass and/or outdoor signs which requires scaffolding or hoisting
of upper floors

Trn c s Ngi c bo him thanh ton ph ph bo him, cc

bn tho thun v ghi nhn rng d cho c bt c quy nh no
khc, phm vi bo him theo n ny s c m rng bi thng
cho h thng knh lp t c nh xy ra trong khu vc k khai
trong Giy chng nhn bo him, nhng loi tr:
1. knh mu hoc t knh
2. Knh cong, knh c ho tit v trang tr trn v hoc bng
hiu bn ngoi
3. Thay th knh v/hoc bng hiu m yu cu phi lp gin gio
hoc nng ln cc tng cao hn

4. Breakage arising during the removal or alteration to premises

4. Nt v pht sinh trong qu trnh di chuyn ti hoc c nhng

thay i ti khu vc ni trn

5. Frames or framework of any description or the cost of removal of any fittings,

fixtures or other structions

5. Phn khung hoc kt cu khung ca bt k chi tit no hoc

chi ph di chuyn bt c c hoc cc vt cn no khc

6. Interruption or delay or loss of business or damage of any kind occuring during

the time of intervening between the occurrence of a breakage and the replacement of

6. Vic gin on hoc tr hon hoc mt mt kinh doanh hay

the glass and/or outdoor signs

7. Cracked, defective or imperfect glass and/or outdoor signs
8. The wilful act, procurement, connivance or assistance in any way whatsoever of
the Insured or any claimant or inmate or member of the Insured's household or
business staff.
The liability of the Company shall not exceed ............
Subject to the terms, conditions and exclusions of this Policy.

thit hi di bt c hnh thc no xy ra trong khong thi gian

gia thi im ca s c nt v v thi im thay th knh hoc
bng hiu bn ngoi.
7. Knh v/hoc bng hiu bn ngoi b nt, c khuyt tt hay
khng hon thin.
8. Hnh ng c , thng ng hoc tr gip di bt k hnh thc
no ca Ngi c bo him hoc bt k ngi khiu ni hoc ngi
sng chung hay bt c thnh vin no trong gia nh hoc nhn
vin no trong doanh nghip ca Ngi c bo him
Trch nhim ca Bo Vit s khng vt qu .....

25

BREAKDOWN OF DEEP FREEZER CHILLER

It is hereby declared and agreed that this Policy extends to cover any deterioration of
the property contained in the deep freezer and chiller which may be caused by
change of temperature resulting from the total or partial destruction and disablement
of the said deep freezer and chiller and also by electrical and mechanical breakdown
of the deep freezer and chiller including accidental failure of public electrical supply
but excluding damage to such deep freezer and chiller and any consequential loss
thereof. Further understood that the Insurer shall not responsible for the first US$
500 in respect of each and every loss.

26

CAPTITAL ADDITIONS
The insurance hereby extends to cover alterations, additions and improvements (but
not appreciation in value in excess of the Sums Insured) to Buildings, Machinery and
Plant insured for an amount not exceeding 10% of the Sums Insured thereby, it being
understood that the Insured undertakes to advise the Company each quarter of such
alterations, additions and improvements and to pay the appropriate additional
premium thereon

27

CARE CUSTODY AND CONTROL CLAUSE

The exclusion of the property in the charge or under the control of
the insured or any servant of the Insured in this Policy shall not
apply to loss of or damage to property belonging to the Insured's
customers and entrusted to the Insured.

Trn c s tun theo cc iu kin v im loi tr ca n bo

him ny.
iu khon h hng my lnh v cc thit b lnh
Cc bn ng v tuyn b rng n bo him ny m rng
bo him cho bt k h hng no ca ti sn cha trong t lnh v
thit b kho lnh pht sinh t vic thay i nhit do vic ph
hu mt phn hoc ton b hoc mt kh nng hot ng ca t
lnh v thit b kho lnh ni trn cng nh do h hng v in v c
ca t lnh v kho lnh bao gm c nhng h hng bt ng ca h
thng cung cp in cng cng nhng loi tr thit hi ti t lnh v
kho lnh v bt k cc tn tht hu qu no t nhng h hi .
Cc bn cng hiu rng BAOVIET s khng chu trch nhim bi thng s tin 500 USD u tin i vi mi v mi tn tht.
iu khon v ci to, b sung i vi ti sn c bo him
n bo him ny c m rng p dng c cho vic thay i,
b sung hay ci to (nhng khng v th m tng gi tr ca s
tin bo him) i vi ta nh, ti sn c nh v/hoc my mc
thit b t c nh c bo him theo n ny vi s tin
khng vt qu 10% s tin bo him ca cc hng mc . iu
khon ny ghi nhn rng Ngi c bo him cam kt s thng bo
hng qu v nhng thay i, b sung v ci to nh vy v ng
khon ph ph bo him thch hp cho BAOVIET.
iu khon v vic trng coi v kim sot ti sn
im loi tr i vi ti sn thuc trch nhim hay di s kim sot
ca Ngi c bo him hay ngi gip vic ca h theo n bo
him ny s khng p dng vi nhng tn tht i vi ti sn thuc
s hu ca khch hng ca Ngi c bo him nhng ang c
giao ph cho Ngi c bo him trng coi.

Provided such property is not hired or lent to the Insured.

This Endorsement shall not apply to the Insured's legal liability for
loss of or damage to the said property.

Vi iu kin l nhng ti sn ny khng phi l ti sn m Ngi

c bo him thu mn.

a) if such loss or damage arises before the goods are in the

Insured's care, custody and control.
b) arising from acts of fraud or dishonesty of the Insured's
employees.
Subject otherwise to the Terms of this Policy.

iu khon ny khng p dng i vi trch nhim php l ca Ngi

c bo him v cc tn tht i vi ti sn
a) nu tn tht i vi ti sn xy ra trc khi hng ho thuc
quyn trng coi v kim sot ca Ngi c bo him.
b)pht sinh t hnh ng la o hoc khng trung thc ca ngi
lm cng cho Ngi c bo him.
Trn c s tun theo cc iu kin khc ca n bo him ny.
iu khon v chnh quyn dn s

28

CIVIL AUTHORITIES CLAUSE

n bo him ny c m rng bo him cho cc tn tht thc t

pht sinh trong khong thi gian khng vt qu 4 tun lin tip, khi,
do hu qu trc tip ca ri ro c bo him m nh chc trch
ban hnh lnh cm vo khu vc c bo him.

29

This Insurance is extended to include the actual loss as covered

hereunder during the period of time, not exceeding 4 consecutive
weeks, when, as a direct result of the Peril(s) Insured against,
access to any Insured Premises is prohibited by order of Civil
Authority.
CIVIL AUTHORITY
The insurance is extended to cover direct loss or damage to the
described property caused by acts of destruction executed by order
of any Public Authority at the time of and only during a
conflagration to retard the spread thereof, provided, however, that
such conflagration was caused by the perils insured under this
Policy. This Company shall not be liable, however, for more than the
amount for which it would have been caused by a peril insured
against under this contract.

n ny c m rng bo him cho cc tn tht trc tip i

vi cc ti sn c k khai trong Giy chng nhn bo him gy ra
do vic ph hu theo lnh ca bt k C quan, Chnh quyn dn
s no vo thi im v ch trong qu trnh xy ra mt m
chy ln nhm ngn chn s lan truyn ca m chy , vi iu
kin l m chy ny do nhng ri ro c bo him theo n bo
him ny gy ra. Tuy nhin, Bo Vit s khng chu trch nhim
bi thng vt qu mc bi thng nh trng hp tn tht do ri ro c
bo him theo n bo him ny gy ra.

CLAIMS CONTROL CLAUSE

iu khon kim sot gii quyt khiu ni

It is a condition precedent to liability under Vietnam Insurance Corporations

Reinsurance slip No:
that the Reinsured shall, upon knowledge of any
circumstances which may give rise a claim against them, advise the Reinsurers
immediately and follow the advice of the Reinsurer in the investigation and
assessment of any loss and/or circumstance giving rise to a loss, and further no
settlement and/or compromise shall be made and no liability admitted without prior
approval of the Reinsurer.

iu kin tin quyt rng buc trch nhim ca Cng ty ti bo

him theo Bn cho ti bo him ca BAOVIET l : BAOVIET khi
nhn thc c v bt k tnh hung no c th pht sinh khiu ni
theo n bo him ny, phi thng bo ngay lp tc cho Cng ty
ti bo him lin quan v tun theo ch dn ca Cng ty ti bo
him trong vic iu tra v nh gi tn tht v/hoc cc tnh
hung c th pht sinh tn tht, v BAOVIET khng c php gii
quyt v/hoc tho thun cng nh tha nhn trch nhim bi thng nu cha c s chp thun trc ca Cng ty ti bo him.
Tho thun hp tc gii quyt khiu ni

30

31

CLAIM COOPERATION CLAUSE

As regards major losses as defined hereunder, it is a condition
precedent to any liability under this Agreement that BAOVIET shall
notify the Reinsurer immediately upon receiving knowledge of such
losses and shall furnish the Reinsurer without delay with all
essential information in respect thereof particularly with regard to
the estimated amount, the pr able cause and the its plans for
settling the claim.

iu khon v chnh quyn dn s

i vi cc tn tht ln nh quy nh di y, iu kin tin quyt

rng buc trch nhim ca Cng ty ti bo him theo tho
thun ny l BAOVIET phi thng bo cho Cng ty ti bo him
ngay khi nhn bit c s xut hin ca nhng tn tht v
phi cung cp cho Cng ty ti bo him khng chm tr tt c
nhng thng tin quan trng v tn tht c bit l nhng thng
tin lin quan n gi tr tn tht c tnh, nguyn nhn tn tht
d on v v k hoch ca BAOVIET trong vn gii quyt

This Agreement defines a major loss or losses as those which on

the strength of the policyholder's initial notification or the
Company's initial estimate, will pr ably exceed the amount set out
in the Schedule.
The Company shall cooperate with the Reinsurer's local
Representative in the adjustment of such losses. In particular,
whenever deemed necessary and at his own expenses, the
Reinsurer after consultation with the company may appoint his own
loss adjuster/auditor and/or be given the opportunity to take part in
the adjustment of such losses by delegating a duly authorized
representative.

khiu ni.
Theo tho thun ny tn tht ln l tn tht m cn c vo thng
bo ban u ca Ngi c bo him v c tnh ban u ca
BAOVIET c th vt qu s tin bo him k khai trong Giy chng
nhn bo him.
BAOVIET s hp tc vi i din ca Cng ty ti bo him ti ........
trong vic nh gi li s tin bi thng . C th, khi thy cn
thit v bng chi ph ca mnh, Cng ty ti bo him sau khi t
vn vi BAOVIET c th ch nh mt Cng ty tnh ton tn
tht/kim ton v/hoc c mt i din u quyn ca mnh
tham gia vo vic nh gi li nhng tn tht ny.
iu khon ng bo him (80%)

32

COINSURANCE CLAUSE (80%)

Ngoi tr hng mc hng ho, s tin bo him theo n ny,

c Ngi c bo him k khai, phn nh 80% tng gi tr ca ti
sn c bo him. Trch nhim ca Bo Vit s khng vt qu gi
tr 80% k khai ca ti sn c bo him v Ngi c bo him
s t chu cho phn trch nhim vt qu gi tr 80% .

33

Other than in respect of items of stock, the Sum Insured of the

Policy, having been declared by the Insured, represent 80% of the
total value of the Insured Property. BAOVIET 's liability shall not
exceed the declared 80% valuation for the Insured Property and the
Insured shall retain liability for loss damage or destruction in excess
of the 80% valuation.
COMPUTER SYSTEM RECORDS
The insurance by this Policy covers computer systems records but
only for the value of the materials together with the cost of clerical
labour and computer time expended in reproducing such records
(excluding any expenses in connection with the production of
information to be recorded therein) and not for the value to the
Insured of the information contained therein.

Phm vi bo him theo n ny bao gm c cc d liu trn h

thng my vi tnh, nhng ch i vi gi tr ca cc phng tin lu
tr cng vi cc chi ph hnh chnh v chi ph cho thi gian s
dng my vi tnh ti to li nhng d liu ( loi tr bt k
chi ph no lin quan ti vic lm lI nhng thng tin c lu tr
trong ) v khng bi thng cho gi tr ca thng tin lu tr i
vi Ngi c bo him.
iu khon gi tr hp ng

34

35

CONTRACT PRICE

iu khon v cc d liu trong h thng my vi tnh

In respect only of goods sold but not delivered for which the insured is responsible
and with regard to which under the condition of sale the sale contract is by reason of
loss or damage by any peril insured against cancelled, either wholly or to the extent
of the loss or damage, liability of the Company shall be based on the contract price
of the goods lost or damaged and for the purpose of average the value of all goods to
which this Clause would in the event of loss or damage be applicable shall be
ascertained on the same basis.

i vi ring nhng hng ha c bn nhng cha c giao ti ngi

mua m Ngi c bo him vn phi chu trch nhim trng coi v
hp ng mua bn i vi nhng hng ha ny theo iu kin
bn hng, do xy ra mt mt hoc h hi bi bt c him ha no
c bo him phi hy b ton b hay trong phm vi nhng mt
mt hoc h hi ny th trch nhim ca Bo Vit s c cn c
theo gi tr hp ng ca hng ha b mt mt hoc h hi v
xc nh c s phn b thit hi, gi tr ca tt c hng
ha m iu khon ny c th p dng trong trng hp xy ra mt
mt hoc thit hi cng c xc nh trn c s gi tr hp ng
nh cp trn.

COST OF RE-ERECTION

iu khon chi ph lp t li

The insurance by this policy extends to include the cost of re-erecting, fitting and
fixing machinery and plant in consequence of destruction or damage by any of the
perils hereby insured against, provided that the total amount recoverable under any

Bo him theo n bo him ny c m rng bao gm c chi ph

cho vic lp t, nh v v lp t li my mc thit b do
hu qu ca vic ph hy hay h hi pht sinh t cc ri ro c bo

item of the policy shall not exceed the sum insured thereby.
36

COST OF RECOMPILING RECORDS AND PREPARING CLAIMS

him theo n bo him ny vi iu kin l tng s tin c th

c bi thng i vi mi hng mc ti sn ghi trong n bo him
ny khng vt qu s tin bo him cho mi hng mc .
iu khon chi ph son tho li ti liu v lp h s khiu
ni

The insurance under this Policy is limited to :

Bo him theo n bo him ny c gii hn i vi:
(a) cost of recompiling records but only for the value of the
materials together with the cost of clerical labour expended in
producing such records and
(b) reasonable charges incurred by the Insured for producing and
certifying and information as may be required by the Insured
under the terms of Condition (Claims) of the policy
It is further understood that the Company shall not be liable under
this extension for an amount in excess of US$ 1,000.
37

38

39

(a) chi ph son tho li ti liu nhng ch bi thng gi tr ca

nguyn vt liu cng vi chi ph
hnh chnh son tho li nhng ti li ny v
(b) chi ph hp l m Ngi c bo him b ra to lp v
chng thc nhng thng tin do Ngi bo him yu cu theo iu
kin ca n ba him ny.

COST OF REWRITING RECORDS

Cc bn ng rng trch nhim bi thng ca Bo Vit s khng

vt qu US$ 1,000.
iu khon v chi ph to lp li ti liu

The insurance hereby extend to indemnify the Insured for cost,

charges and expenses incurred in replacement or restoring
documents but only for the value to the material and not for their
value to the Insured, which may have been destroyed, damaged,
lost or mislaid.

Bo him theo n ny m rng bi thng cho Ngi c bo him

nhng chi ph v ph tn pht sinh trong vic thay th v phc
hi ti liu nhng ch trong phm vi gi tr ca nguyn vt liu ch
khng phi l gi tr ca nhng thng tin i vi Ngi c bo
him m c th b ph hu, h hi, mt mt hoc tht lc.

It is understood that the said documents may consist of deeds,

views, agreements, maps, plan, records, books, letters, certificates
and the like, but bearer bonds, coupon bank or currency notes or
other negotiable paper shall deemed to be excluded from this
insurance.

Cc bn ghi nhn rng cc ti liu ni trn c th bao gm chng

th, bin bn, tho thun, bn , s , h s, sch, th t, giy
chng nhn v cc ti liu tng t nhng loi tr tra phiu thu li,
sc ngn hng, giy thanh ton v cc loi giy t c th giao
dch khc.

It is further understood that the Company shall not be liable under

this extension for an amount in excess of US$ 500.
COST OF TEMPORARY PROTECTION CLAUSE

Cc bn cng ng rng trch nhim bi thng ca Bo Vit

theo iu khon ny khng vt qu US$500.
iu khon v chi ph bo v tm thi

The Policy extends to cover the cost of temporary protection up to

a limit of US$ 10,000.00 reasonably necessary for the safety and
protection of the premises pending repairs/replacement of damage.

n bo him ny m rng bi thng cho chi ph bo v tm thi

vi gii hn trch nhim l US$ 10,000, pht sinh mt cch cn thit
v hp l nhm m bo cho s an ton v bo v ti sn trong
khi ch sa cha hay thay th ti sn b thit hi
iu khon i bi thng trc tip t cng ty ti bo him

CUT THROUGH CLAUSE

It is hereby noted and agreed that in the event of a claim on this Policy, the Original
Insured shall be entitled to recover Reinsurer proportion of such claim directly from
Reinsurer provided that Reinsures have not already made settlement for their
proportion to the Reinsured. The Original Insured agrees to waive any claim against
the Reinsured and the Reinsured agrees to waive any claim against the Reinsurers for
the amount so paid.

Cc bn ghi nhn v ng rng trong trng hp pht sinh tn tht

Ngi c bo him c quyn i bi thng trc tip Cng ty nhn
ti bo him v phn m h nhn ti bo him vi iu kin l
Cng ty nhn ti bo him cha thanh ton phn thuc trch nhim
ca h cho BAOVIET. Ngi c bo him ng t b mi khiu
ni i vi BAOVIET v BAOVIET ng t b mi khiu ni i vi
Cng ty nhn ta bo him sau khi vic thanh ton trn c thc

40

DECLARATION POLICY
The Insured shall declare as soon as possible after the end of each
Period of Insurance a complete schedule of the property showing
up to date replacement values and/or indemnity values as
applicable and the Renewal Premium shall be adjusted accordingly.

41

42

DEDUCTIBLE CLAUSE

Cc bn ng v ghi nhn rng sau khi kt thc mi thi hn bo

him, Ngi c bo him phi lp bn danh mc nhng ti sn vi
gi tr thay th mi cp nht v/hoc gi tr bi thng nh p dng
v thng bo sm nht cho BAOVIET. Ph bo him cho k ti tc s
c iu chnh tng ng.
iu khon v mc khu tr

All claims for loss or damage covered under this Policy and arising
out of any one occurrence shall be adjusted as one claim and the
amount specified in the Schedule of Deductible, if any, shall be
deducted from such adjusted claim.
DELETION OF AVERAGE IN RESPECT OF BURGLARY / THEFT
COVERAGE

Tt c cc khiu ni v tn tht c bo him theo n ny v

pht sinh t bt k mt s c no s c chnh l nh mt khiu ni
v mc khu tr c qui nh trong Giy chng nhn bo him,
nu c s c i tr t khiu ni c chnh l .
iu khon v hu b iu khon bo him d i gi tr trong
bo him trm cp

This Policy is issues on a first loss basis on the property insured up to the sum
insured specified in the schedule forming part of the total value at risk.

n bo him ny da trn c s "tn tht u tin" i vi ti

sn c bo him cho ti s tin bo him k khai trong Giy
chng nhn bo him

It is further understood and agreed that the average clause under

the limits of this Policy is deemed to be deleted.
43

DESCRIPTION OF PROPERTY INSURED

45

Cc bn cng ng v ghi nhn rng theo nhng hn mc ca

n ny, iu khon bo him di gi tr s b hu b khng p
dng.
iu khon v m t ti sn c bo him

DESIGNATION OF PROPERTY

Khi pht sinh bt c nghi vn no lin quan n vic xc nh bt

c ti sn no lm c s gii quyt bi thng theo n bo
him ny, BAOVIET chp nhn vic m t nhng ti sn ny nh
trnh by trong s sch ca Ngi c bo him lm c s gii
quyt bi thng theo n bo him ny.
iu khon v xc nh ti sn

For the purpose of determining where necessary the column

heading under which any property is insured the company agrees
to accept the designation under which such property has been
entered in the insured's books.

Cc bn tho thun v ng rng xc nh tn mc ca

bt k ti sn no c bo him, BAOVIET ng chp nhn cch
ghi cc mc ca nhng ti sn ging nh c ghi trong s
sch ca Ngi c bo him.

ELECTRICAL CLAUSE (*)

iu khon v in.

The company does not cover loss of or damage to any electrical

machine apparatus or any portion of the electrical installation
insured hereunder resulting from overrunning, excessive pressure,
short circuiting, self heating arcing or leakage of electricity
provided that this exclusion shall

BAOVIET khng bo him cho cc tn tht i vi bt k my mc,

thit b in no hoc bt k b phn no ca h thng in c bo him di y pht sinh t hot ng qu ti, vt p, on
mch, t t nng, phng h quang, r in nhng im loi tr
ny s:

a) not apply to loss or damage caused by a peril insured against

under this policy

a) khng p dng i vi tn tht gy ra bi mt ri ro c bo

him theo n bo him ny

Where any doubt arises as to the definition under which any property is included for
the basis of settlement the Company agrees to accept the designation of such
property as may have been included in the Insured's books.
44

hin.
iu khon v n bo him khai bo

46

b) apply only to the particular electrical machine, apparatus or

portion of the electrical installation, so affected and not to other
machines, apparatus or electrical installations destroyed or
damaged by fire or explosion set up by such particular machine,
apparatus or other electrical installation.

b) ch p dng i vi nhng my mc thit b in hoc b

phn ca h thng in c th, b tc ng nh vy m khng p
dng i vi nhng my mc, thit b v h thng in khc b
ph hu hoc h hi do chy hoc n hnh thnh t nhng my
mc, thit b hoc h thng in cp trn.

ELECTRICAL INSTALLATION 4A (**)

iu khon v h thng thit b in 4a

This Company is expressly declared to be free from liability for loss of, or damage
to, any electrical machine, apparatus, or any portion of the electrical installation
arising from or occasioned by over-running, excessive pressure, short-circuiting,
self-heating, arcing or leakage of electricity from whatever cause (lightning
included) arising.

BAOVIET tuyt i khng chu trch nhim i vi cc tn tht

hoc h hi xy ra cho bt k my mc thit b in no hoc bt
k b phn ca h thng in no pht sinh do hoc l hu qu
ca hot ng qu ti, vt p, on mch, t nung nng, phng h
quang hoc r in v bt c nguyn nhn no (k c b st
nh).

Provided that this extension shall only apply to the particular

electrical machine, apparatus, or portion of the electrical
installation so affected, and not to other machines, apparatus or
electrical installation destroyed or damaged by fire set up by such
particular machine, apparatus or other electrical installation.
47

ELECTRICAL INSTALLATION 4B
Loss or damage by fire to the electrical appliances and installation insured under this
Policy arising from or occasioned by over-running, excessive pressure, shortcircuiting, arcing, self-heating or leakage of electricity, from whatever cause
(lightning included) is covered subject to the terms and condition of this Policy , but
it is expressly understood that no liability exists under this Policy for loss or damage
to any electrical machine, apparatus, fixture or fitting, or to any portion of the
electrical installation, unless caused by fire or lightning.

48

ERRORS AND OMISSIONS CLAUSE

The Insurer's liability under this insurance shall not be affected by
any delay or unintentional error or omission in reporting new
locations acquired or occupied or in the reporting values or in
description of any interest insured provided that such delay, error
or omission shall be reported to the insurers as soon as practicable
after knowledge thereof.
Subject otherwise to the terms exceptions and conditions of this Policy.

49

Vi iu kin l im loi tr ny ch p dng ring i vi my

mc, thit b in hoc b phn ca thit b in b tc ng
nh vy ch khng p dng i vi nhng my mc thit b hoc
h thng in no khc b ph hy hay h hi do chy hnh thnh
t cc my mc thit b hoc h thng in b tc ng nh
cp trn.
iu khon v h thng thit b in 4B
Tn tht hoc thit hi do chy i vi cc thit b hoc h
thng in c bo him bi n bo him ny pht sinh do
hoc gy ra bi hot ng qu ti, chu p lc qu mc, on
mch, phng h quang in, t nung nng hay b r in do bt
k nguyn nhn no (k c st nh) c bo him theo cc
iu khon v iu kin ca n bo him ny nhng cc bn
hiu v tho thun rng n bo him ny khng chu trch
nhim i vi nhng tn tht hoc h hi gy ra cho bt k my
mc, thit b in no hoc bt k b phn no ca h thng
in nu nhng tn tht hoc h hi khng phi do chy hoc
b st nh.
iu khon v sai st v nhm ln.

ESCALATION CLAUSE 10% (*)

Trch nhim bi thng ca BAOVIET theo n bo him ny s

khng b nh hng bi bt k s chm tr hoc s nhm ln sai
st mt cch v tnh trong vic bo co v nhng a im bo
him mi hoc trong vic khai bo cc gi tr hoc m t v bt
c quyn li bo him no, vi iu kin BAOVIET phi nhn c
thng bo v nhng chm ch, nhm ln, sai st trong thi
gian sm nht m iu kin thc t cho php ngay sau khi chng
c pht hin. Nhng iu khon, iu kin v gii hn khc ca
n bo him ny khng thay i.
iu khon v trt gi 10% (Tng s tin bo him)

In consideration of the payment of an additional premium the sum

insured shall, during each period of insurance, be increased by that

Cc bn tho thun v tuyn b rng S tin bo him ca mi

hng mc k khai trong Giy chng nhn bo him trong mi thi

proportion of 10% which the number of days since the

commencement of such period shall bear to the whole of such
period.
Unless specifically agreed to the contrary, the provisions of this
memorandum shall only apply to the sum insured in force at the
commencement of the period of the insurance. At each renewal
date, the insured shall notify the insurer:1) The sum to be insured at the commencement of the forthcoming
period of insurance.
2) The percentage increase required for the forthcoming period of
insurance
And in default thereof the provision of this clause shall cease to
apply.

50

All the conditions of the Policy except insofar as they may be

hereby expressly barred shall apply as if they had been
incorporated hereon.
EXPEDITING EXPENSES CLAUSE
The Policy extends to include costs and expenses incurred by the
Insured for express carriage rates and extra payments for overtime,
night, Sunday or holiday working incurred in connection with the
repair or reinstatement of the Property Insured directly arising from
an event insured by the Policy provided that such expediting
expenses shall not exceed fifty (50%) per cent of the normal cost of
repair or reinstatement of the damage/ destroyed Property Insured.

51

EXTINGUISHING EXPENSES
The sum insured includes all fire fighting expenses such as the cost
of replenishment of the fighting appliances and destruction of or
damage to such appliances. Provided always that the liability of the
company in respect of such cost shall be limited to those
necessarily and reasonably incurred in extinguishing fires at or
adjoining the situation of the property insured by the policy or
immediately threatening to involve such property.

52

EXPENSES INCURRED IN DIMINISHING OR PREVENTING LOSS

It is hereby agreed and noted that in the event of any part of the
insured property sustaining damage for which the insurer shall be
liable the indemnity provided by this insurance is extended to
include expenses incurred by the Insured for diminishing such loss
or prevent it from further developing.

hn bo him, s c php tng ln vi t l 10% tng ng vi s

ngy k t khi tng gi tr trong thi hn bo him .
Tr nhng tho thun c th khc tri ngc vi nhng qui nh ca
iu khon ny , i khon ny s ch p dng i vi nhng s
tin bo him c hiu lc ti ngy bt u thi hn bo him. Ti
mi ngy ti tc, Ngi c bo him phi thng bo cho BAOVIET :
1) s tin bo him ti ngy bt u ca thi hn bo him tip
theo
2) T l phn trm gia tng yu cu cho thi hn bo him tip
theo
Nu vi phm bt k iu kin no trn y, iu khon ny s
ngng p dng.
Tt c cc iu kin ca n ny, tr nhng iu kin khng cn
hiu lc bi iu khon ny vn c p dng nh th l chng
c ghi trong iu khon ny.
iu khon v chi ph ph pht sinh.
n bo him ny m rng bi thng cho cc chi ph m Ngi c
bo him b ra cho vic vn chuyn nhanh v cc khon thanh
ton thm cho vic lm thm gi, lm m, lm ngy ch nht
hoc ngy l c lin quan n vic thng thng thc hin
cng tc sa cha v khi phc ti sn c bo him trc tip pht
sinh t mt s c c bo him theo n ny vi iu kin l gi
tr bi thng cho phn chi ph ny khng vt qu 50% chi ph sa
cha v khi phc ti sn b h hi hoc ph hu.
iu khon v chi ph cu ho.
S tin bo him theo n ny s bao gm ton b cc chi ph cu
ho pht sinh nh chi ph trang b b sung phng tin cha chy
v khi phc nhng thit hi i vi cc phng tin ny. Vi iu
kin l trch nhim bi thng ca BAOVIET i vi phn chi ph
ny s ch gii hn nhng chi ph cn thit v hp l c b ra
dp tt nhng m chy ti hoc gn k a im cha
ti sn c bo him theo n ny hoc nhng m chy c kh
nng gy nguy him cho nhng ti sn c bo him .
iu khon v chi ph hn ch v phng nga tn tht.
Cc bn ng v ghi nhn rng trong trng hp bt c b phn
no ca ti sn c bo him b tn tht m BAOVIET phi chu
trch nhim bi thng theo n bo him ny, phm vi bi thng s
c m rng bao gm nhng chi ph m Ngi c bo him phi
chu trong vic hn ch v phng nga nhng tn tht pht

53

EXTRA CHARGES CLAUSE

trin thm.
iu khon v chi ph b sung.

In the event of any part of the insured property sustaining damage

for which the insurers are liable the indemnity provided by this
Insurance is extended to include

Trong trng hp bt k b phn no ca ti sn c bo him b

thit hi m BAOVIET phi chu trch nhim bi thng theo n
bo him ny, phm vi bi thng s c m rng bao gm:

a) Cost necessarily incurred for delivery of any part or parts by

express or special delivery,

a) Chi ph pht sinh cn thit trong vic giao nhn bt c b phn

hoc nhng b phn no bng vn chuyn nhanh hoc cc hnh
thc giao nhn khc.

b) In the execution of authorized repairs for labour overtime costs

necessary to expedite repairs including Sundays, Holidays and
nightwork.
Provided that the additional liability of the Insurers shall not exceed
25% of the amount of the loss.
54

EXHIBITION AND DEMONSTRATION CLAUSE

The insurance by this Policy extends to cover property whilst at exhibition and
demonstration against fire and perils only for an amount not exceeding ..... any one
location.

55

FUSION DAMAGE CLAUSE

Vi iu kin l trch nhim bi thng b sung ca BAOVIET i

vi phn ny khng vt qu 25% gi tr ca mi tn tht.
iu khon v trin lm v trng by
Phm vi bo him theo n ny m rng bi thng cho nhng
ti sn trong qu trnh trin lm v trng by b thit hi do chy
v cc ri ro c bo him khc vi gi tr bi thng khng vt
qu .... ti mi a im.
iu khon v thit hi do dng in t nng

(a) loss of use, depreciation, wear and tear

n bo him ny m rng bi thng cho Ngi c bo him

nhng thit hi hoc ph hu i vi bt c b phn no hoc
nhng b phn no ca my mc in, tng i, thit b, linh
kin l mt phn ca ti sn c bo him (loi tr my chnh lu,
rai, Tivi, cc loi thit b khuch i m thanh, hoc cc ng
c in ln hn 10HP) gy ra do cc b phn b t chy bi
dng in hot ng trong .
Vi iu kin l theo iu khon ny, BAOVIET s khng chu
trch nhim bi thng cho:

(b) loss or destruction of or damage to:

a) mt kh nng s dng, khu hao, hao mn t nhin

The Policy extends to indemnify the Insured against loss or destruction of or damage
to any part or parts of the electrical machines, switchboards, installations, or
apparatus, forming part of the property insured (excluding rectifiers, radio, television
or amplifying equipment of any description and electric motors in excess of 10HP)
caused by the actual burning out of such part or parts by the electric current therein.
Provided always that the Insurers shall not be liable under this clause for:

i) lightning or heating elements, fuses or protective devices;

ii) electrical contacts at which sparking or arching occurs in ordinary

56

b) Chi ph pht sinh chi tr cho nhn cng bao gm c chi ph cho
vic lm thm gi, lm Ch nht, lm ngy l khi thc hin cng
tc sa cha c php.

b) tn tht hoc ph hu i vi

working.

- linh kin chng st hoc nhit, cu ch hoc thit b bo v

FIRE BRIGADE CHARGES CLAUSE

- nhng giy in, m ti trong hot ng bnh thng lun

xut hin tia la in hoc b chp mch
iu khon v chi ph cho i cu ho

The Sum Insured on the Property Insured extends to include charges raised by any
local authority for the provision of Fire Fighting Appliances called for the purpose of
protecting the Premises.

S tin bo him ca cc ti sn c bo him m rng bao

gm cc chi ph pht sinh bi bt k c quan a phng no yu
cu theo quy nh v vic trang b phng tin cu ho vi mc
ch bo v ti sn v c s c bo him.

57

FIRE EXTINGUISHING AND OTHER COST CLAUSE

iu khon v chi ph cu ho v cc chi ph khc

This Policy is extended to cover:

n ny m rng bo him cho :

a) All costs incurred in the extinguishment of a fire

a) Ton b cc chi ph pht sinh trong qu trnh dp la

b) All costs incurred in the removal of water and/or substances;

b) Ton b chi ph pht sinh trong qu trnh vn chuyn nc v

cht cha chy

c) All cleaning expenses;

c) Ton b chi ph lm sch
d) The erection of temporary barricades;
d) Cng vic lp t vt chng ngi tm thi
Arising from loss or damage by any peril hereby insured against
The total liability under this policy for both loss of or damage to
property and fire extinguishment and other cost shall not exceed
the sum insured of the property insured.
Fire extinguishment and other costs shall not be considered in the
determination of replacement value in the application of any clause
forming a part of this Policy.

pht sinh t nhng tn tht gy ra do bt k ri ro no c bo

him theo n bo him ny
Chi ph cu ho v cc chi ph khc s khng c tnh n trong
vic xc nh gi tr thay th khi p dng bt k iu khon no
khc hp thnh vi n bo him ny.

58

HAZARDOUS GOODS

iu khon v hng ho nguy him

59

Unless otherwise specifically provided in this Policy hazardous

goods usual to the trade and/or business are allowed to be stored
in quantities and manner as permitted by Law, by-law or Municipal
Regulation.
HEATING AND POWER

Tr khi c nhng qui nh khc trong n bo him ny, cc loi

hng ha nguy him thng thng trong vic bun bn, kinh doanh
c php bo qun theo s lng v theo phng php m php lut
hay lut a phng cho php.
iu khon v s dng nhit v nng lng

The use of electric, Gas and other lighting, heating and power usual
to trades and occupations allowed as provided by Law, By-law or
Municipal Regulation.

Cc bn tho thun v ghi nhn rng Cng ty cho php Ngi c

bo him c s dng in, kh t (gaz) v cc ngun nhit
chiu sng v nng lng thng thng trong kinh doanh v ngh
nghip nh tun theo qui nh ca php lut hoc cc lut a
phng.
iu khon di chuyn ni b

60

INTERNAL REMOVAL
It is understood and agreed that in the event of removal of property
from one building to another at any of the aforesaid situations
being inadvertently not advised to the Company, the Insurance on
such property shall follow removal, the necessary adjustments in
sums insured and premium being made as from the date of
removal as soon as the oversight is discovered.

61

LAND ACQUISITION

Cc bn tho thun v ghi nhn rng trong trng hp ti sn c di

chuyn t ngi nh ny sang ngi nh khc trong khu vc c bo
him quy nh trong n ny, do v tnh khng c thng bo
cho ngi bo him v s di chuyn , th bo him vn c p
dng i vi vic di chuyn ti sn v vic iu chnh cn thit
v s tin bo him v ph bo him c thc hin tnh t ngy
thc hin di chuyn ngay sau khi vic s sut khng thng bo
c pht hin
iu khon v trng dng t

Notwithstanding anything herein contained to the contrary this Policy provides for
the payment of compensation to the insured on the following basis and no other:

Cc bn tho thun v ghi nhn rng d cho c bt k quy nh

tri ngc no trong n bo him ny, n ny s thanh ton bi th-

In the event of any land on which the property insured is situated is directly or
indirectly damaged by the perils covered under the Policy and in consequence of
such damage the local authorities compulsorily acquire the property insured then the
Insured shall be entitled to recover the Sum Insured after deducting therefrom :
(1)

The amount recoverable under any fire policy vested in the name of the
Insured but only such amounts as relates to buildings.

(2)

The amount of compensation finally awarded to the Insured under the Land
Acquisition Act (if applicable) in consequence of the acquisition of the
property insured.

It is hereby understood and agreed that the liability under this Policy is limited to
75% of the actual value at the time of the loss/ damage or the sum insured whichever
is the less.
It is further understood and agreed that upon receipt of any notice to quit and/or any
order by the local authorities for the acquisition of the land during the period of
insurance. the Insured undertake to advise the Company immediately.
Subject otherwise to the terms conditions and exceptions of this
Policy.

62

Trong trng hp bt c khu t no cha ti sn c bo him b

thit hi trc tip hay gin tip do cc ri ro c bo him theo
n ny gy ra v v hu qu ca thit hi m chnh quyn
a phng bt buc trng dng ti sn bo him th Ngi c
bo him s c quyn nhn bi hon s tin bo him sau khi tr
i :
(1) s tin c bi thng theo bt k n bo him ho hon no
ng tn Ngi c bo him, nhng ch l s tin c bi thng
cho nhng ngi nh.
(2) s tin n b cui cng m chnh quyn tr cho ngi c bo
him theo iu lut v trng dng t ai ( nu c) do hu qu
ca vic trng dng ti sn c bo him.
Cc bn cng tho thun rng trch nhim bi thng ca BAOVIET
s gii hn mc 75% gi tr thc t ti thi im tn tht hoc s
tin bo him (p dng vi s tin nh hn) v khi nhn c bt k
thng bo hoc lnh ca chnh quyn a phng v vic trng
dng t trong thi hn bo him, ngi c bo him cam kt s
thng bo ngay lp tc cho BAOVIET.
Trn c s tun theo cc iu kin v hn ch ca n bo him
ny.
iu khon v Ngi ch thu nh

LANDLORD CLAUSE

LANDSLIP AND SUBSIDENCE EXTENSION

Quyn li ca Ngi c bo him trong n bo him ny s khng

b phng hi bi bt c hnh ng hoc s xut no ca ngi s
hu bt c ngi nh no c bo him theo n ny, lm cho kh
nng ph hu hoc h hi ca ti sn gia tng, m Ngi c bo
him cha bit hoc cha cho php thc hin hot ng , vi
iu kin l Ngi c bo him phi ngay lp tc thng bo bng
vn bn cho BAOVIET ngay khi bit nhng hot ng v theo
yu cu ca BAOVIET, phi thanh ton mt khon ph ph bo
him hp l.
iu khon m rng bo him cho ln v st l t

It is hereby agreed and declared that notwithstanding anything in

the within written Policy contained to the contrary as from
inception the insurance under this Policy shall extend to cover:

Cc bn tho thun v cam kt rng d cho c bt k quy nh no

khc trong n bo him, k t ngy bt u hiu lc, n bo
him c m rng bo him cho:

Loss of or damage to the property insured directly caused by

subsidence of the site or landslip, occurring within the period stated
in the schedule but excluding:

Tn tht hoc thit hi i vi ti sn c bo him trc tip gy

ra bi ln hoc st l t ti a im c bo him, pht sinh
trong thi hn bo him, c k khai trong Giy chng nhn bo
him nhng loi tr :

The interest of the Insured in this insurance shall not be prejudiced by any act or
neglect of the occupier of any building hereby insured whereby the risks of
destruction or damage is increased without the authority or knowledge of the
Insured, provided the Insured shall immediately upon becoming aware thereof give
notice in writing to the Insurers and on demand pay such reasonable additional
premium as the Insurers may require.

63

ng cho Ngi c bo him trn c s sau y m khng theo bt

k mt cch thc no khc:

(i)

loss

or

damage

occasioned

by

or

through

or

in

consequence
occurrences:

directly

or

indirectly

of

any

of

the

following

(i) tn tht pht sinh bi hoc l hu qu gin tip hay trc tip
ca bt k cc s c sau:

a) coastal erosion
b) Heave
c) Bedding down of structures or the settlement of made up
ground within 2 years of the completion of such works.

a) si mn vng t ven bin,

b) s dch chuyn ngang ca a cht
c) st l cu trc a cht, a tng, lp hoc nn t
c x l trong vng hai nm k t khi hon thin cng vic x l
.

(ii)
loss of or damage to paths drives fences gates boundary
and retaining walls caused by
subsidence and/or landslip.

(ii) tn tht i vi ng, ng hm, tng ro, cng ng, ng

ranh gii, tng chn gy ra do ln hoc st l t

(iii)
Unless otherwise specifically insured, the cost of removal of
subsidence and/or
landslip debris or the making good of the site following
subsidence and/or landslip
except in so far as in necessary to repair the property
insured.

(iii) tr phi xc nhn l c bo him theo n ny, chi ph dn

dp, lm sch hin trng sau khi
st l v/hoc ln t nhng loi tr chi ph cn thit sa cha
ti sn.
(iv) tn tht pht sinh trc tip t sai st ca thit k, hoc tay
ngh km hay s dng nguyn vt liu c khuyt tt.

(iv)
loss of or damage directly occasioned by or through
defective design or workmanship
or the use of defective material.

(v) tn tht hu qu di bt k hnh thc v c im no.

(v)

consequential loss or damage of any kind or description.

(vi) s tin US$ 30,000 hoc 10% ca gi tr mi tn tht, p

dng vi s tin no ln hn sau khi xc nh v p dng bt k
iu kin bo him di gi tr no v xy ra ti mi v mi thi hn
trong vng 72 gi lin tip trong thi hn ca n bo him ny.

(vi)
the first US$ 30,000 or 10 % (ten per cent) of each and
every loss, whichever is the greater, as ascertained after the
application of any condition of average and occurring within each
and every separate period within of 72 consecutive hours during
the currency of this policy.
64

Limit of Indemnity:
5% of Sum Insured.
LEASED BUILDING CLAUSE
Where the Insured enters into a lease agreement for occupancy of
any building or part of a building and the terms of such lease
contain a disclaimer clause in favor of the Lessor the insurance
provided by the Policy shall not be prejudiced by the Insured
agreeing to such terms.

65

iu khon v ngi nh cho thu

LESSEES CLAUSE

Trong trng hp Ngi c bo him tham gia vo mt hp ng cho

thu s dng bt k ngi nh hoc b phn no ca ngi nh
v trong hp ng thu mn c quy nh mt iu khon v
t chi trch nhim ca ngi cho thu nh, th phm vi bo him
cung cp theo n ny s khng v th b nh hng, nu Ngi c
bo him tho thun iu khon .
iu khon v ngi i thu

It is hereby declared and agreed that anything done by the Lessee,

Mortgagor, or Occupier of any building hereby insured whereby the
risk of loss or damage is increased without the authority or
knowledge of the Freeholder, Mortgagee or Lessor shall not
prejudice the position of the Freeholder, Mortgagee or Lessor under
this Policy if the Freeholder, Mortgagee or Lessor shall immediately
on his becoming aware thereof in writing to the Insurers and on

Cc bn cam kt v tho thun rng bt k cng vic no c thc

hin bi Ngi i thu, ngi i vay cm c, hoc ngi chim gi
ngi nh c bo him theo n ny dn n lm tng nguy c
xy ra cc tn tht, m nhng ngi ni trn khng cho php hoc
khng bit l s khng lm tn hi n quyn li ca h vi iu
kin l nhng ngi phi thng bo bng vn bn cho BAOVIET
v nhng cng vic ngay khi pht hin v thanh ton khon

66

67

demand pay such reasonable additional premium as the Insurers

may require.
LEASED PROPERTY CLAUSE

ph ph bo him hp l theo yu cu ca BAOVIET.

This policy extends to indemnify any other party having an interest

in the property insured by virtue of and in accordance with the
terms of a Mortgage, Leasing, hiring or Renting Agreement,
provided such property is not more specifically insured.

n bo him ny m rng bi thng cho bt c bn no c

quyn li i vi ti sn c bo him theo v trn c s cc iu
kin c quy nh trong hp ng cm c, thu mua, thu mn ti
sn vi iu kin l cc ti sn ny cha c bo him bng mt
hnh thc no khc.
Tho thun thu mn - iu khon thanh ton bi th ng tn
tht

LEASING AGREEMENT - LOSS PAYABLE CLAUSE

It is hereby understood and agreed that the Lessors are the owners of the property
insured and that such property is the subject of a Leasing Agreement made between
the lessors of the one part and the Insured of the other part. It is further understood
and agreed that any payment made in respect of loss or damage (which loss or
damage is not made good by repair, reinstatement or replacement) under the terms of
this Policy shall be made to the lessors as long as they are the owners of the property
and their receipt shall be full and final discharge to the Company in respect of such
loss or damage. It is also understood and agreed that notwithstanding any provision
in the Leasing Agreement to the contrary this Policy is issued to the Insured
namely ............................ as principal party and not as agent or trustee for the lessors
and nothing herein shall be construed as constituting the Insured, an agent or trustee
for the lessors or as an assignment (whether legal or equitable) by the Insured to the
lessors of his rights, benefits and claims under this policy, and, further, nothing
herein shall be construed as creating any right in the lessor to sue the Company in
any capacity whatsoever for any alleged breach of its ligations hereunder.

68

LONG TERM AGREEMENT

It is hereby declared and agreed that a discount of 5% of the net
premiums of this policy is allowed in consideration of the insured
having signed an undertaking with effect from .......................... to
offer annually for ........ years the insurance under this policy on
terms and conditions in force at the expiry of each period of
insurance and to pay the premium annually in advance, it being
understood that :
(A) BAOVIET shall be under no ligation to accept an offer made in
accordance with the above - mentioned undertaking
(B) The sum insured may be reduced at any time to correspond
with any reduction in value
The above mentioned undertaking applies to any policy or policies

iu khon v ti sn cho thu.

Cc bn hiu v tha thun rng Ngi cho thu l ngi s hu ti

sn c bo him v nhng ti sn l i tng ca mt tho
thun thu mn lp gia mt bn l Ngi cho thu v mt bn l Ngi c bo him. Cc bn cng tho thun rng bt c khon
thanh ton no ca BAOVIET v cc tn tht (tn tht khng
c khc phc bng cch sa cha, khi phc hoc thay th) c
bo him theo iu kin ca n ny s c chuyn cho Ngi
cho thu vi iu kin h l Ngi s hu ti sn, v vic Ngi cho
thu nhn y khon thanh ton s bi min ton b trch
nhim bi thng ca BAOVIET v tn tht . Cc bn cng tho
thun rng d cho c bt c quy nh no tri ngc trong Tho
thun thu mn, n ny c cp cho Ngi c bo him c tn
l .......................................... nh l mt bn chnh m khng phi l
i l hay ngi u thc ca Ngi cho thu v khng c quy nh
no trong y s c hiu l Ngi c bo him l ngi u nhim,
i l hay u thc ca Ngi cho thu hoc c hiu nh l c s
chuyn giao (d theo php lut hay do thanh l) quyn li v khiu
ni theo n bo him ny t Ngi c bo him sang Ngi cho
thu. Mt iu na cn lu rng, khng c quy nh no trong
y c hiu l ginh cho Ngi cho thu c quyn c khiu ni
BAOVIET di bt k hnh thc no.
iu khon v gim ph i vi vic bo him di hn
Cc bn ghi nhn v cam kt rng BAOVIET chp nhn gim 5%
ca khon thc ph bo him trn c s Ngi c bo him k
vo mt cam kt rng k t ngy............, Ngi c bo him chp
nhn hng nm s ti tc li hiu lc ca n bo him ny trong
thi gian
nm vi iu kin v iu khon ang c hiu lc
ti ngy ht hn ca mi thi hn bo him v cam kt tr trc ph
bo him hng nm, cng ghi nhn y rng :
(a) BAOVIET s khng b bt buc phi chp nhn ngh ca
Ngi c bo him theo cam kt nu trn
(b) s tin bo him c th gim xung tng ng vi bt k s
gim gi tr no i vi ti sn c bo him.

69

which may be issued by BAOVIET in substitution for this policy and

the same discount of
% shall be allowed off the net
premiums on the corresponding items of any substituted policy or
policies issued by BAOVIET as aforesaid.

Cam kt nu trn p dng i vi bt k n bo him no do

BAOVIET cp (nu c) thay th cho n bo him ny v
khon gim ph 5% ca ph thc thu s c p dng i vi nhng
hng mc tng ng ca bt k n bo him no do BAOVIET cp.

Subject otherwise to the terms, provisions and conditions of this policy.

Trn c s tun theo cc iu kin v hn ch khc ca n bo

him ny.
iu khon quy nh v thng bo tn tht

LOSS NOTIFICATION
Notwithstanding anything contained herein to the contrary it is
agreed that this insurance will not be prejudiced by any inadvertent
delays, errors or omissions in notifying BAOVIET of any
circumstances or events giving rise or likely to give rise to a claim
under this Policy.

70

71

LOSS PAYABLE CLAUSE

Cc bn tho thun v ghi nhn rng cho d c nhng qui nh

khc trong n bo him ny, quyn li ca Ngi c bo him
theo n ny s khng b phng hi bi bt k vic chm tr,
nhm ln hay thiu st khng c ca Ngi c bo him trong
vic thng bo cho BAOVIET v bt c tnh trng hoc trng hp
no c th gy ra hoc dn n mt khiu ni theo n bo
him ny.
iu khon v thanh ton bi thng cho tn tht

It is hereby agreed and understood that (in accordance with the

point 3.3 of the article 3 of Asset Security agreement signed
between the Assured and Bank.....) all claims recoverable under
this insurance shall be payable directly to the .......... Bank in place
of the ........... (Assured)

Cc bn tho thun v ghi nhn rng ( trn c s im 3.3 ca

mc 3 ca tho thun Bo m an ton vi ti sn k kt gia Ng i c bo him v Ngn hng ............. ) tt c cc khiu ni c
th c bi thng theo n bo him ny s c thanh ton trc
tip cho Ngn hng ................ thay v thanh ton cho Ngi c
bo him.

MAINTENANCE AND INSPECTION CLAUSE

iu khon v bo dng v kim tra

It is understood and agreed that

Cc bn ghi nhn v tho thun rng:

a) The Machinery and Plant shall be maintained in good working

order and shall not be overloaded and any Government other
regulations relating to the condition, operation, or inspection of
such plant shall be served

a) My mc v thit b c bo him s c bo dng trng thi

hot ng tt v s khng hot ng qu ti v Ngi c bo him
phi tun th bt k cc quy nh no ca Chnh ph v cc quy
nh khc lin quan n iu kin, hot ng, hoc vic kim
tra ca cc my mc thit b .

b) The Insured shall at the Insured's own expense arrange for

b) Ngi c bo him vi chi ph ca mnh phi sp xp :
i) Boilers and other vessels subject to steam pressure to be
thoroughly examined by a
competent person at intervals not
exceeding those specified in the Government or other regulations
relating to the inspection of such plant.
ii) Logs to be kept of the various test and inspection carried
out on all other plant
Reports and logs on such examinations tests and inspection are to
be kept available for inspection by the company and a report to be
furnished to the company immediately if such examinations tests
or inspections reveal the existence of a serious of a serious defect
in the Machinery.

i) mt chuyn vin trnh v kh nng thc hin vic

kim tra ni hi v cc thit b khc hot ng bng hi nc v
vic kim tra ny phi c thc hin theo nh k, khng chm
hn khong thi gian c ghi trong cc quy nh ca Chnh Ph
hay cc quy nh no khc lin quan n vic kim tra cc thit
b
ii) S theo di cc ln chy th v kim tra chc nng thc
hin i vi ton b cc my mc khc phi c lu tr y v
cn thn.
Bo co v s theo di v nhng ln kim tra, chy th my mc

72

MISDESCRIPTION CLAUSE
It is understood and agreed that this insurance shall not be
prejudice the Insured shall notify the Company immediately he
becomes aware of the same and to pay additional premium if
required from the date of the inception of the increased hazard.

73

MINOR WORK CLAUSE - Limit : US$ 50,000

It is understood and agreed that this insurance includes minor additions/ construction
and/or reconstruction work carried out on any of the facilities in respect of contracts
not exceeding US$ 50,000.
This extension shall not apply in respect of alteration/maintenance/modification
carried out in the normal course of operations (which the Insured so deem) in respect
of which cover is granted by this Policy subject to all terms and conditions of this
Policy.
Notwithstanding other terms and conditions herein this Policy shall only pay in
excess of more specific insurance, if any, arranged in respect of minor works.

74

76

Cho d c bt k qui nh no khc c cp trong n bo

him ny, cc bn tha thun rng quyn li ca Ngi c bo
him theo n ny s khng b phng hi bi bt c s chm tr,
sai st no do Ngi c bo him s xut trong vic khai bo cho
Bo Vit v bt c hon cnh hay s kin no gy ra hoc c th
gy ra mt khiu ni theo n bo him ny.
iu khon v cc cng vic xy dng, ci to mc nh
Cc bn ghi nhn v tho thun rng bo him theo n ny s m
rng p dng i vi cc cng vic xy dng/ b sung v/hoc
cng vic xy dng li bt k hng mc no vi iu kin gi tr
mi hp ng ca cc cng vic khng vt qu US$ 50.000
iu khon ny khng p dng i vi cc cng vic sa i/ bo
dng/ thay i c thc hin trong qu trnh hot ng thng thng m nhng cng vic ny c bo him theo cc iu
khon v iu kin c qui nh trong n bo him.

Notwithstanding the above this Policy will not respond to any

advanced loss of profits.

D cho c bt c cc quy nh no khc, Iu khon bo him

ny ch bi thng s tin vt qu ca n bo him c tnh c
th hn (nu c), c thu xp bo him cho cc cng vic
.

MORTGAGEE CLAUSE

D cho quy nh nh trn, Iu khon ny khng bo him cho

bt k tn tht no v mt mt li nhun c tnh.
iu khon v ngi cm c.

The interest of a mortgagee in this insurance shall not be

prejudiced by any act or neglect of the mortgagor or occupier of
any Building hereby insured whereby the risk of loss or damage is
increased without the authority or knowledge of the mortgagee,
provided that the mortgagee immediately on becoming aware
thereof shall give notice to the Insurers and pay an additional
premium if required.
75

phi c lu tr, sn sng BAOVIET kim tra v Ngi c bo

him phi ngay lp tc cung cp bo co cho BAOVIET nu nhng
ln kim tra v chy th cho thy c tn ti sai st, khuyt tt
nghim trng trong my mc.
iu khon v khai bo sai lch

NEWLY ACQUIRED PROPERTY CLAUSE

Quyn li ca ngi cm c trong n bo him ny s khng b phng hi bi bt c hnh ng hoc s xut no ca ngi nhn
cm c hoc ngi ang c ng hoc s dng bt k ngi nh no
c bo him trong n ny, dn n lm tng nguy c xy ra
tn tht, m ngi cm c khng cho php thc hin hoc khng
bit g v vic , vi iu kin l Ngi cm c phi thng bo
bng vn bn cho BAOVIET v nhng cng vic ngay khi pht
hin cc s xut v hnh ng , v thanh ton khon ph ph
bo him theo yu cu hp l ca BAOVIET.
iu khon v ti sn mi.

It is agreed that the following additional item is included under

Property Insured of the Policy Schedule:

Cc bn tho thun rng hng mc b sung sau y nm trong

mc Ti sn c bo him trong Giy chng nhn bo him:

Newly Acquired Property

Ti sn mi ca Ngi c bo him

Property acquired by the Insured at any other location within

Vietnam is automatically covered for 5% of the Sum Insured on
Property covered under this Policy for a period of 60 days from the
date of acquisition.
77

78

79

NO CONTROL CLAUSE
Any breach of the within warranties in this policy without the
knowledge and consent of the insured shall not prejudice this
insurance provided due diligence be exercised by the insured to
ensure that same are complied with.

Bt k vi phm cc cam kt no quy nh trong n bo him ny

m khng c s ng trc hay khng c bit trc ca Ngi c
bo him s khng lm phng hi quyn li ca Ngi c bo him
theo n ny vi iu kin l Ngi c bo him phi thc hin s
mn cn hp l m bo vic tun th cc cam kt trn.

NON CANCELLATION

iu khon lin quan n vic hu b hp ng

The company undertakes to tain the Mortgagees consent prior to the cancellation
of the Policy if instruction have been received to cancel the Policy and also to advise
the Mortgagees immediately of any instruction received to reduce the Sum Insured
during the currency of the Policy.
Provided that this will no way affect the Companys right to cancel the Policy.

BAOVIET cam kt rng trong trng hp nhn c yu cu hy b

hiu lc ca n bo him ny, BAOVIET phi c s ng trc
ca ngi c cm c (hoc ngn hng) cc ti sn c bo him
v vic hy b ny v cng thng bo cho ngi c cm c (hoc
ngn hng) v bt c ngh no v vic gim s tin bo
him trong thi hn n bo him ny ang c hiu lc.

NON - INVALIDATION CLAUSE

Vi iu kin l vic khng nh hng ti quyn c hu b

hiu lc n bo him ca BAOVIET.
iu khon v bo ton hiu lc bo him

It is hereby agreed this insurance shall not be invalidated by:a) any change of occupancy or increase of risk taking place in the
property insured without the Insured's knowledge provided that
they shall, immediately on the same coming to their knowledge,
advise the Insurers and pay any additional premium that may be
required from the date of such increase of risk.
b) Workmen on the premises for the purpose of effecting repairs
minor alterations or general maintenance purposes and the like.
80

Ti sn m Ngi c bo him mi c ti bt k a im no
khc trong lnh th Vit Nam c t ng bo him vi gi tr bo
him bng 5% s tin bo him ca cc ti sn c bo him theo
n bo him ny vi thi hn 60 ngy k t ngy Ngi c bo
him c thm ti sn .
iu khon v vic khng kim sot c

Cc bn tho thun rng hiu lc bo him theo n ny s khng

b mt hiu lc do :
a) bt c nhng thay i v cng vic hoc lm gia tng ri ro
i vi ti sn c bo him m Ngi c bo him khng bit trc
vi iu kin l Ngi c bo him phi thng bo cho BAOVIET
ngay sau khi pht hin nhng thay i v thanh ton ph ph
bo him k t ngy ri ro gia tng.

OFF PREMISES CLAUSE

b) cng nhn ti a im c bo him ang thc hin cc

cng vic sa cha, thay i nh, bo dng ton b. hoc vi cc
mc ch tng t.
iu khon v ti sn ngoi a im bo him

It is agreed that coverage afforded by this Policy is extended to

apply as respect property of the Insured while removed from the
described premises for repairs, for servicing, or to avoid threatened
damage by an insured peril, for a period of 60 days from the date
of removal, for an amount not exceeding the value of such property
or 5% of the Sum Insured on property covered under this policy
whichever is less. This provisions shall not apply to property
removed from the described premises for normal storage of for
processing nor to property otherwise covered by insurance.

Cc bn tho thun rng phm vi bo him cung cp theo n ny

c m rng p dng i vi nhng ti sn ca Ngi c bo
him trong qu trnh di chuyn khi ni c ghi trong Giy chng
nhn bo him vi mc ch sa cha, phc v hoc trnh
nhng thit hi c th xy ra bi bt k ri ro no c bo him
theo n ny vi thi hn 60 ngy k t ngy thc hin vic di
chuyn , vi gi tr bo him khng vt qu gi tr ca ti sn
hoc 5% s tin bo him ca n ny, p dng vi s tin
nh hn. iu khon ny s khng p dng vi nhng ti sn c di

81

OFF PREMISES POWER AND TRANSMISSION LINES CLAUSE

This Policy is extended to cover loss unless otherwise insured
against, resulting from damage to or destruction of any public
utility generating plant, powerhouse, substation, transformer or
other equipment (including transmission lines) directly furnishing
electricity, steam or gas to and not located on premises insured.

82

OTHER INSURANCE CLAUSE

This Policy does not cover (excepting as to the legal liability of the
Insured) to the extent of any other insurance whether prior or
subsequent hereto in date, directly or indirectly covering the same
property, and this Company shall be liable for loss or damage only
for the excess value beyond the amount due from such other
insurance.

83

OTHER INTERESTED PARTIES CLAUSE

The Insurer(s) will indemnify, as though they were the named
Insured, all parties interested in the Property Insured by the Policy
by way of loan, mortgagee, lease, hire purchase or other
agreement and the Insurer(s) shall waive all rights of subrogation
which may otherwise have existed against such parties

84

OTHER LOCATION CLAUSE

This insurance is extended to cover the property insured (Stock
Items only) whilst at sub-contractors' premises within Vietnam up
to a maximum limit of US$ 100,000 at any one location subject
always to the terms, exceptions and conditions of this Policy.

85

OUTBUILDINGS CLAUSE
The insurance by each item under buildings is understood to
include wall, gates and fences, small outside buildings, extensions,
annexes, exterior staircase, fuel installations, steel or iron
framework and tanks in the said premises and the insurance by
each item under contents extends to include the contents of each
outbuilding.

chuyn khi a im bo him vi mc ch lu kho hoc x l

thng thng hoc vi nhng ti sn c bo him theo mt
n bo him khc.
iu khon bo him cho h thng cung cp nng l ng nm
ngoi a im c bo him
n bo him ny c m rng bi thng cho nhng tn tht
gy ra t nhng thit hi hoc ph hu cc dch v cng cng nh
trm bin th, nh my in, trm in ph, bin th hoc cc
thit b khc (bao gm c dy dn in) cung cp in, hi nc
hoc kh t trc tip v khng nm trong a im bo him,
vi iu kin nhng thit b trn cha c bo him vi bt k n
bo him no khc.
iu khon v bo him khc
n ny khng bo him (ngoi tr i vi trch nhim php l ca
Ngi c bo him) cho nhng tn tht thuc phm vi bi thng
ca bt c hp ng bo him no khc, d cho c trc hay sau
ngy n bo him ny c hiu lc, trc tip hay gin tip bo
him cho nhng ti sn c bo him theo n ny, v BAOVIET
s ch chu trch nhim bi thng cho phn gi tr vt qu ngoi
phn gi tr bi thng thuc phm vi cc hp ng bo him khc
.
iu khon v cc bn khc c quyn li i vi ti sn c
bo him
Tt c cc bn khc c quyn li i vi ti sn c bo him theo
n ny do h l ngi cho vay vn, cm c, cho thu, thu mua
hoc theo cc tho thun khc cng s c BAOVIET bi thng theo
n bo him ny nh th chnh h l Ngi c bo him c tn
trong n bo him ny v BAOVIET s khng s dng quyn c
k tha khiu ni khiu ni bt c bn no nh cp trn.
iu khon v a im khc
n bo him ny m rng bi thng cho ti sn c bo him
( ch cc hng mc lu kho ) khi ang ti c s ca cc nh thu
ph trong lnh th Vit Nam vi gii hn bi thng ti a l US$
100.000 ti mi a im, trn c s lun lun tun theo cc
iu kin, Iu khon v nhng gii hn ca n bo him ny.
iu khon v cng trnh ph tr
Vic bo him cho mi hng mc theo mc Ngi nh s c
hiu l bao gm cc bc tng, cng ra vo, hng ro, cc cn nh
nh pha bn ngoi, cc phn m rng, ci ni gn vi Ngi nh c
bo him, nh ph, cu thang bn ngoi, h thng nhin liu,
khung gin bng st thp v b cha ti Ngi nh v vic bo
him cho mi hng mc cc ti sn bn trong cng c m rng
bao hm c nhng ti sn bn trong nhng cu trc .

86

87

88

PAYMENT ON ACCOUNT CLAUSE (*)

iu khon v thanh ton bi thng tm ng

In the event of the occurrence of a loss under this insurance the

Insurers will make payment on account in respect of such loss to
the Insured if desired.

Trong trng hp pht sinh mt s c c bo him theo n ny,

BAOVIET s thanh ton bi thng tm ng cho Ngi c bo him
v tn tht nu Ngi c bo him yu cu.

PAYMENT ON ACCOUNT CLAUSE (**)

iu khon v thanh ton bi thng tm ng (*)

It is hereby noted and agreed that progress payments on account of any loss
recoverable under this Policy will be made to the Insured at such stages as may be
actually agreed upon if desired by the Insured provided that such payments are
deducted from the final agreed claim settlement amount.

Cc bn ghi nhn v tho thun rng ti mi giai on c th c

tho thun trn c s yu cu ca Ngi c bo him, BAOVIET s
thanh ton tm ng trc cho Ngi c bo him bi thng cho
nhng tn tht thuc trch nhim ca n bo him ny vi iu
kin l tng s tin chi tr trong nhng ln tm ng s c i
tr vo s tin c tha thun cui cng gii quyt khiu ni
.
iu khon v s cho php i vi ngi nh b trng

PERMITS CLAUSE

PLATE GLASS EXTENSION

Hiu lc bo him khng b chm dt khi pht sinh s ngng hot

ng hoc tnh trng b khng, khng s dng ca ngi nh c
bo him trong khong thi gian ln hn 60 ngy lin tip (trong
thi hn bo him) vi iu kin l cc trang b cha chy ti ngi
nh vn c duy tr v Ngi c bo him phi thng bo trc cho
BAOVIET bng vn bn v giai on b khng, ngng hot ng,
hoc khng s dng ngi nh trong vng 60 ngy lin tip .
iu khon bi thng cho knh tm

It is hereby noted and agreed that this Policy is extended to cover

damage during the Policy Period to the plate Glass by breakage of
the glass or by chemicals accidentally or maliciously applied,
subject to the following Special Conditions.

Cc bn ghi nhn v tho thun rng n bo him ny s m rng

bi thng cho nhng thit hi i vi knh tm gy ra do nt v
knh hoc do vic s dng ho cht mt cch v tnh hay c ,
trn c s nhng iu kin c bit sau.

Special Conditions

Nhng iu kin c bit

1. This Policy does not cover:

1. n ny khng bo him cho :

(a) breakage caused by the wilful act or with the

connivance of the Insured;
(b) frames or framework of any description;
(c) the cost of removal or replacement of any fitting,
fixtures or other struction;
(d) cracked or imperfect glass unless specifically declared
as such.

a) nt v gy ra do hnh ng c vi s ng lo ca Ngi c bo him

b) thit hi i vi h thng khung bao hoc khung kt
cu di bt c hnh thc no
c) chi ph di chuyn hoc thay th bt c trang thit b
c nh hoc vt chng ngi no
d) knh rn nt hoc khng hon chnh t trc khi bo
him, tr khi khai bo trc

Permission is granted to cease operations or remain vacant or unoccupied for more

than sixty ( 60 ) consecutive days, provided fire protection services are maintained,
and further provided that written notice is given to this company prior to the sixty
consecutive day of cessation, vacancy or unoccupancy.

89

2. The word "Breakage" shall not include any disfiguration or

damage other than fracture extending through the entire thickness
of the glass.
90

Premises

2. T " Nt v" s khng bao gm bt c hnh thi bin dng no

ca knh hoc nhng h hi khng phi l rn gy trn sut ton b
b dy ca tm knh.
iu khon v a im bo him

The Insurance hereby extends to include property described herein

whilst in or on platforms, alley, yards, outbuildings and/or in the
open air on the premises described herein.
91

PREMIUM WARRANTY

1)

Notwithstanding anything contained herein to the contrary, and subject only and
without prejudice to Clause 2 hereinafter set out, it is hereby declared and
agreed that it is a condition precedent to liability under this Policy, Renewal
Certificate, Endorsement or Cover Note that any premium due must be paid and
actually received in full by the Company, the registered broker or registered
agent through whom this policy was effected:

(a)

when the period of insurance is 60 days or more, within SIXTY (60) days
from the:-

(i)

INCEPTION date of the coverage under the Policy, Renewal

Certificate or Cover Note
(ii)
EFFECTIVE date of the coverage stated on each Endorsement, if
any, issued under the Policy, Renewal Certificate or Cover Note when
the effective date of coverage stated on the Endorsement is on or after
the issuance date of the Endorsement; or
(iii) ISSUANCE date of each Endorsement, if any, issued under the
Policy, Renewal Certificate or Cover Note where the effective date of
coverage under the Endorsement is before the issuance date.
OR

(b)

when the period of insurance is LESS than SIXTY (60) days,

within the period of insurance specified in the Policy, Endorsement,
Renewal Certificate or Cover Note.

In the event any of the above mentioned premium is not paid in full
to the Company, registered broker or registered agent as described
above in the manner and within the time stipulated above (the
premium warranty period) the cover under this Policy, Renewal
Certificate, Endorsement or Cover Note shall be deemed to have
terminated from the expiry of the premium warranty period and the
Company shall be discharged from all liability therefrom but
without prejudice to any liability incurred before that date and the
Company will be entitled to a pro-rata time on risk premium subject
to a minimum of US$ 20

n ny m rng bo him cho nhng ti sn c k khai trong

giy chng nhn bo him khi ang ti sn, li i, kho xng,
cng trnh ph v/hoc ngoi tri ti a im bo him nh k
khai trong giy chng nhn bo him.
iu khon m bo thanh ton ph bo him
1) Cc bn tho thun v ghi nhn rng, d cho c bt k iu kin
no tri ngc trong n ny, v trn c s tun theo iu kin 2
quy nh di y (nhng khng phng hi n quyn li ca cc
bn theo n ny), iu kin tin quyt rng buc trch
nhim ca BAOVIET theo n bo him, Chng nhn ti tc bo
him, iu khon b sung, hoc Giy chng nhn bo him tm
thi l Ngi c bo him phi thanh ton y bt c khon
ph bo him c tnh no v BAOVIET, Mi gii hoc i l bo
him cp hoc thu xp n bo him ny phi nhn c
khon ph .
(a) nu thi hn bo him l 60 ngy hoc ln hn, trong vng 60
ngy k t :
(i) ngy bt u hiu lc ca n bo him, Chng nhn ti
tc bo him, iu khon b sung, hoc Giy chng nhn bo
him tm thi
(ii) ngy hiu lc quy nh trong mi iu khon b sung
( nu c) c cp theo n bo him, Chng nhn ti tc bo
him, Giy chng nhn bo him tm thi nu ngy hiu lc bo
him k khai vo ng hoc sau ngy pht hnh iu khon
b sung.
(iii)Ngy pht hnh mi iu khon b sung (nu c) cp theo
n bo him, Chng nhn tI tc bo him, hoc Giy chng
nhn bo him tm thi nu ngy hiu lc quy nh trong iu
khon b sung ny xy ra trc ngy pht hnh.
Hoc
(b) nu thi hn bo him t hn 60 ngy, trong vng thi hn bo
him k khai ti n bo him, Chng nhn ti tc bo him, iu
khon b sung, hoc Giy chng nhn bo him tm thi.
2) Trong trng hp khon ph bo him cp trn, cha c
thanh ton y cho BAOVIET, Mi gii, i l nh k khai theo
tnh cht v thi gian quy nh nh trn ( thi hn m bo thanh
ton ph bo him), hiu lc bo him theo n bo him, Chng
nhn ti tc bo him, iu khon b sung, hoc Giy chng
nhn bo him tm thi s coi nh chm dt k t ngy ht hn ca
thi hn m bo thanh ton ph bo him v BAOVIET s c
min tt c trch nhim k t v trong trng hp ny,

92

PRESSURE VESSEL EXPLOSION CLAUSE

Notwithstanding anything within written policy contained to the contrary, it is agreed
and declared that this policy is extended to include damage to boiler and pressure
vessel plant caused by their own explosion or Collapse.
Explosion shall mean the sudden and violent rending of the permanent structure of
the plant by force of internal steam or fluid pressure or bodily displacement of
structure of the plant by force of internal steam or fluid pressure or bodily
displacement of any part of such structure together with forcible ejectment of its
contents. Exceeding the maximum pressure permitted by the inspecting authority, the
term pressure shall not mean failure under any test.
Collapse shall mean the sudden and dangerous distortion of any part of the
permanent structure of plant by bending or crushing caused by force of rupture or
not. Except in the case of steam test at a pressure not exceeding the maximum
pressure permitted by the inspecting authority, the term collapse shall not mean
failure under any test.
The following defects do not constitute Explosion or collapse even though repair or
replacement may be necessary;
(i) wearing away or wasting of the material of the plant whether by leakage,
corrosion or by the action of the fuel or otherwise;
(ii) slowly developing deformation or distortion of any part of the plant;
(iii) cracks, fractures, blisters, laminations, flaws or grooving even when
accompanied by leakage or damage to tubes, headers or other parts of the plant
cuased by overheating or leakage at seams tubes or other parts of the plant;
(iv) failure or joints
but Explosion or Collapse arising from any such defect is not excluded hereby.
the term Boiler and Pressure Vessel Plant includes any connected super heaters,
economisers, mountings, fittings, valves and steam piping.
Specific Exclusions to this Endorsement
Damage arising during the application of hydraulic test of the plant and occasioned
thereby

BAOVIET s c hng khon ph bo him tnh theo t l nhng

ngy n bo him c hiu lc nhng khng nh hn US$ 20.
iu khon bo him n thit b p lc
D cho c bt c quy nh no khc trong n ny, cc bn tho
thun v tuyn b rng n bo him c m rng bi thng
cho thit hi i vi Ni hi v cc Thit b p lc do n v sp
pht sinh t bn trong thit b .
Trong iu khon ny, N c ngha l s x rch bt ng v d
di cc cu trc c nh ca thit b do tc ng ca hi nc
hoc p lc ca cht lng hoc cu trc ca chng b dch
chuyn cng vi s thot ra d di ca cht cha bn trong, p sut
vt qu p sut ti a cho php bi c quan kim tra. Thut
ng N khng bao gm h hng do chy th.
Sp c ngha l s bin dng bt ng v nguy him ca bt
c b phn c nh no ca thit b do un cong hoc dp nt,
cho d c gy nt hay khng (Loi tr trng hp chy th vi p sut
khng vt qu p sut ti a cho php). Thut ng Sp khng
bao gm h hng do chy th.
Cc sai st sau khng c hiu l N hoc Sp cho d c th
cn phi sa cha hoc thay th
(i) hao mn, h hng dn ca nguyn vt liu, do r r, n mn t
nhin hoc do tc ng ca nhin liu hay cc nguyn nhn khc
(ii) bin dng, mo m pht trin dn theo thi gian ca cc b
phn ca thit b
(iii), nt v, gy, r, cn mng, rn, rch , cng vi nhng r r hoc
h hi i vi ng dn, ng phun ca thit b gy ra do nhit
tng hoc r r ti cc mi ni, ng ng hoc cc b phn khc
ca thit b
(vi) h hng cc mi ni
Nhng khng loi tr N hoc Sp gy ra t nhng sai st
Thut ng Ni hi v Thit b p lc bao gm c nhng thit b
nhit, b phn tit kim, khung b, b phn ni, van v ng dn
hi nc .

If at the time of Explosion or Collapse or other damage insured by this extension:

a) the load on the safety valve or safety valves upon the particular item of plant was
in excess of the load permitted by the latest certificate issued in accordance with
Boiler Inspection Regulations applicable thereto, or,

Nhng loi tr p dng vi iu khon ny

b) if any safety valve limiting the pressure is removed or rendered inoperative, or,

Nu ti thi im xy ra N hoc Sp hoc cc thit hi

Thit hi gy ra trong qu trnh chy th ca thit b v pht sinh

t

khc c bo him theo iu khon ny:

c) where certificates of inspection are issued by a Government Department, if the
particular item of plant was not so certified - then the Insured shall not be entitled to
any indemnity under this endorsement.
The undernoted "Exclusions - Applicable to All Sections" shall not apply to the cover
granted by this endorsement.
The liability of the Insurer(s) shall not exceed the sub-limit stated in the schedule of
the policy against "Boiler or Pressure Vessel Explosion" for any one loss or series of
losses arising out of anyone event or occurrence at any one location.

a) ti trng ca cc van an ton ca tng hng mc ca thit b vt

qu mc cho php ghi trong chng nhn mi nht c ban
hnh theo Qui tc thanh tra ni hi.
b) bt k van an ton hn ch p sut no b tho d hoc khng
hot ng, hoc
c) khi mt hng mc c th khng c cp chng nhn an ton ca
C quan chc nng v an ton
Ngi c bo him s khng c bi thng theo iu khon ny.
Cm t c gch chn ti "Nhng im loi tr p dng cho tt c
cc phn " s khng p dng i vi phm vi bo him theo iu
khon ny.

93

PRIVILEGES GRANTED CLAUSE

a) For such use of the premises as is usual and incidental to the Insured's operation
and to keep and use all materials in such quantities as are usual and incidental to
such operations.

94

Trch nhim ca BAOVIET s khng vt qu hn mc trch nhim

ring tng ng cho phn N ni hi v cc thit b p lc" trong
Giy chng nhn bo him i vi mi tn tht hoc mt lot cc
tn tht pht sinh t bt k mt s c no ti bt k mt a
im no.
iu khon v c quyn
Hiu lc bo him vn tip tc i vi

b) to construct additions and to make alterations and repairs to the buildings at the
location described; and to erect new buildings and structures at such locations.

a) Vic s dng ngi nh mt cch thng thng v khng quan

trng i vi cc hot ng ca Ngi c bo him v vic bo
qun v s dng cc nguyn vt liu vi s lng thng thng v
khng thit yu i vi cc hot ng .

PROFESSIONAL' FEE CLAUSE

b) khi thc hin vic xy dng mi, ci to, thay i hoc sa

cha i vi ngi nh ti a im c bo him; hoc xy mi
nhng ngi nh hoc hng mc ti nhng a im .
iu khon v chi ph chuyn gia

The architects', surveyors and consulting engineers' fees

necessarily incurred in the reinstatement of the property specified
consequent upon its destruction or damage but not for preparing
any claim, it being understood that the amount payable for such
fees shall not exceed those authorized under the scale of
professional charges of the Royal Institute of British Architects
and/or of the schedule of professional charges of the Royal
Institution of Chartered Surveyors and/or of the schedule of
professional charges of the Royal Institution of Chartered Surveyors
and/or of the Association of Consulting Engineers as the case may
be, or of the respective equivalent local body.

95

PUBLIC AUTHORITIES

iu khon v nh chc trch

The insurance on by this Policy extends to include such additional cost of

reinstatement of the destroyed or damaged Property Insured thereby as may be
incurred solely by reason of the necessity to comply with Building or other
Regulations under or framed in pursuance of any Government Act or Bye Laws of
any Municipal or Local Authority provided that

Phm vi bo him ca n bo him ny c m rng bo

him cho chi ph b sung trong vic phc hi li cc ti sn c
bo him b ph hy hay h hi, m chi ph ny c th pht sinh
ch do Ngi c bo him cn thit phi tun th cc qui nh
v xy dng hay cc qui nh khc theo hoc trong khun kh
ca vic thc hin bt c o lut no ca Chnh Ph hoc iu
lut a phng no do bt c nh chc trch no a ra vi iu
kin l :

1. The amount recoverable under this Memorandum shall not include:

(a)
the cost incurred in complying with any of the aforesaid
Regulations or Bye - Laws:
(i)
in respect of destruction or damage occurring prior to the
granting of this Memorandum,
(ii)

in respect of destruction or damage not insured by this Policy,

(iii) under which notice has been served upon the Insured prior to the
happening of the destruction or damage,
(iv) in respect of undamaged property or undamaged portions of
property
(b)
the additional cost that would have been required to make good
the property damaged or destroyed to a condition equal to its condition when new
had the necessity to comply with any of the aforesaid Regulations or Bye-Laws not
arisen,
(c)
the amount of any rate, tax, duty, development or other charge or
assessment arising out of capital appreciation which may be payable in respect of the
property or by the owner thereof, by reason of compliance with any of the aforesaid
Regulations or Bye-Laws.
2. The work of reinstatement must be commenced and carried out with reasonable
despatch, and in any case must be completed within twelve months after the
destruction or damage or within such further time as the Company may(during the
said twelve months) in writing allow, and may be carried out wholly or partially
upon another site (if the aforesaid
Regulations or Bye-Laws so necessitate), subject to the liability of the Company
under
this Memorandum not being thereby increased.

(1) S tin c th c bi thng theo iu khon m rng ny s

khng bao gm :
a) Chi ph pht sinh tun th bt c qui nh hay
iu lut no cp trn i vi :
(i) s ph hy hay h hi xy ra trc khi ban hnh iu
khon m rng ny.
(ii) s ph hy hay h hi khng c bo him bi n bo
him ny
(iii) chi ph c cp trong thng bo gi cho Ngi c
bo him trc khi xy ra s ph hy hay h hi
(iv) nhng ti sn khng b tn tht hay nhng b phn
ti sn khng b tn tht.
b) Chi ph b sung l ra Ngi c bo him phi thanh ton
sa cha ti sn b h hi hay b ph hy nhm a ti sn tr li
tnh trng ging nh tnh trng ca n khi mi, trong khi cha pht
sinh s cn thit phi tun th bt c qui nh hay iu lut no
cp trn y.
c) Cc khon thu, l ph, chi ph pht trin hoc cc chi ph
khc hoc chi ph nh gi ti sn m ch s hu ti sn c
th phi chi tr nhm tun th bt c quy nh hoc iu lut
no cp trn y.

(2) Vic phc hi phi c bt u v c thc hin vi s khn

trng hp l v trong mi trng hp phi c hon thnh trong vng
12 thng sau khi xy ra s ph hy hay h hi hoc trong tng
thi gian na nu Bo Vit (trong thi gian 12 thng cp)
ng bng vn bn v cng vic ny c th c thc hin ton
3. If the liability of the Company under any item of this Policy, apart from this b hay mt phn mt khu vc khc (nu cc qui nh hoc
Memorandum, shall be reduced by the application of any of the terms and Conditions iu lut ni trn i hi nh vy) vi iu kin l trch nhim ca
of this Policy, then the liability of the Company under this Memorandum in respect of Bo Vit theo iu khon m rng ny khng v th m tng ln.
any such item shall be reduced in like proportion.
4. The total amount recoverable under any item of the Policy shall not exceed the
Sum Insured thereby.

(3) Trong trng hp trch nhim ca Bo Vit theo bt k hng mc

no ca n bo him ny ngoi trch nhim theo iu khon
m rng ny gim i bng vic p dng bt k iu khon v
iu kin no ca n bo him ny th trch nhim ca Bo

5. All the terms and conditions of this Policy except insofar as they
may be hereby expressly varied shall apply as if they had been
incorporated herein.

Vit theo iu khon m rng ny (i vi bt k hng mc no

nh th) cng s gim i theo t l tng ng.
(4) Tng s tin c th c bi thng i vi bt k hng mc no
ca n bo him ny s khng vt qu s tin bo him ca hng
mc .

96

RECORDS AND INSPECTION CLAUSE

(5) Mi iu kin ca n bo him ny, tr khi chng c th c din t theo cch khc trong iu khon ny s p dng nh th
chng l mt b phn hp thnh ca iu khon ny.
iu khon v kim tra v s sch

97

The Insured shall maintain an accurate record of all property

insured hereunder, which upon receipt, shall be open to inspection
by the Company.
REINSTATEMENT OF LOSS CLAUSE

Khi nhn c yu cu ca BAOVIET, Ngi c bo him phi m

bo to iu kin thun li cho i din ca BAOVIET kim tra
ton b s sch lin quan n ti sn c bo him theo n ny.
iu khon v khi phc tn tht

In consideration of the insured undertaking to pay an additional

premium at the agreed rate on the amount of loss calculated on
pro-rata basis from the date of such loss to the expiry of the current
period of insurance, it is agreed that in the event of loss the
insurance hereunder shall be maintained in force for the full sum
insured.

Trn c s Ngi c bo him cam kt thanh ton mt khon ph

ph bo him bng cch nhn t l ph tho thun vi gi tr tn
tht theo c s t l tnh t ngy xy ra tn tht n ngy
ht hn ca thi hn bo him hin ti, cc bn tho thun rng trng hp pht sinh tn tht c bi thng theo n bo him ny,
hiu lc bo him vn c duy tr vi s tin bo him ton b.

REINSTATEMENT VALUE CLAUSE

iu khon v gi tr khi phc

In the event of the Property Insured (other than stock in trade or merchandise) being
lost, destroyed or damaged, the basis upon which the amount payable under each of
the said items of the Policy is to be calculated shall be the cost of reinstatement of
the destroyed or damaged, subject to the following special provisions and subject
also to the terms and conditions of the Policy except in so far as the same may be
varied hereby.

Trong trng hp ti sn c bo him trong phm vi ca n bo

him ny (LoI tr sn phm lu kho hay hng ho, nguyn vt liu
mua vo bn ra) b ph hy hoc h hi, c s xc nh s
tin c th c bi thng theo n bo him ny s l gi tr thay
th hoc khi phc ca ti sn b ph hu hoc h hi, trn c s
tun theo cc qui nh c bit sau, cng nh cc iu kin v
iu khon ca n ba him ny, loI tr nhng im c
quy nh khc bi iu khon ny.

98

For the purpose of the insurance under this Memorandum, "reinstatement" shall
mean:
The carrying out of the aftermentioned work, namely :
a) Where property is destroyed, the re-building of the property, if a building, or in the
case of other property, its replacement by similar property, in either case in a
condition equal to but not better or more extensive than its condition when new.
b) Where property is damage, the repair of the damage and the restoration of the
damaged portion of the property to a condition substantially the same as but not
better or more extensive than its condition when new.
Special Provisions
1)
The work of reinstatement ( which may be carried out upon another site
and in any manner suitable to the requirements of the Insured, subject to the liability

Trong iu khon ny, " Khi phc " s c hiu nh l:

Vic thc hin cc cng vic nu di y:
a) Khi ti sn b hu hoi ton b, l vic ti to li ti sn, nu ti
sn l ngi nh hoc trong trng hp l cc ti sn khc, th l
vic thay th bng mt ti sn tng t. Trong cc trng hp trn,
vic xy dng li hoc thay th s ch gii hn ti tnh trng tng
t m khng tt hn hoc t hn tnh trng ca ti sn khi
mi.
b) Khi ti sn b h hi, l vic sa cha h hi v khi phc cc b
phn ca ti sn b h hi ti tnh trng gn nh tng t m khng
lm ti sn c gi tr hn hoc tnh trng tt hn khi mi.

of the Company not being thereby increased) must be commenced and carried out
with reasonable dispatch and in any case must be completed within 12 months after
the Company may (during the said 12 months) in writing allow, otherwise no
payment beyond the amount which would have been payable under the Policy if this
Memorandum had not been incorporated therein shall be made.
2)
When any property insured under this memorandum is damaged or
destroyed in part only the liability of the Company shall not exceed the sum
representing the cost which the company could have been called upon to pay
reinstatement if such property had been wholly destroyed.
3)
No payment beyond the amount which would have been payable under the
Policy if this Memorandum had not been incorporated therein shall be made until the
cost of reinstatement shall have be actually incurred.
4)
No payment beyond the amount which would have been payable under the
Policy if this Memorandum had not been incorporated therein shall be made if at the
time of loss, destruction or damage to any Property Insured, such property shall be
covered by any other insurance effected by or on behalf of the Insured which is not
upon the identical basis of reinstatement or replacement set forth herein.
5)
Each item insured under this memorandum is declared to be separately
subject to the following condition of average, namely:
If at the time of reinstatement the sum representing the cost which would have been
incurred in reinstatement if the whole of the property covered by such item had been
destroyed exceeds the sum insured thereon at the breaking out of any fire or at the
commencement of any destruction of or damage to such property by any other peril
hereby insured against then the insured shall be considered as being his own insurer
for the excess and shall bear a rateable proportion of the loss accordingly. Each item
of the Policy (if more than one) to which this Memorandum applies shall be
separately subject to the foregoing provisions.
6)

This Memorandum shall be without force or effect if:

(i)
The Insured fails to intimate to the Company within 6 months
from the date of loss, destruction or damage or such further time as the Company
may in writing allow, his intention to replace or reinstate the property destroyed or
damaged.
(ii)
the Insured is unable or unwilling to replace or reinstate the
property destroyed or damaged on the same or another site.
7)
Where by reason of any of the above special provisions no payment is to
be made beyond the amount which would have been payable under the Policy if this
Memorandum had not been incorporated therein the rights and liabilities of the
company and the insured in respect of the destruction or damage shall be subject to
the terms and conditions of the policy, including any condition of average therein, as
if this memorandum had not been incorporated therein.

Cc qui nh c bit :
1) Vic khi phc (c th c tin hnh ni khc v bng bt c
bin php no p ng nhng yu cu ca Ngi c bo him vi
iu kin l trch nhim ca Bo Vit khng v th m tng ln )
phi c bt u v thc hin mt cch khn trng hp l v
trong bt c trng hp no cng vic ny phi c hon thnh
trong vng 12 thng sau khi Bo Vit cho php bng vn bn, nu
khng, Bo Vit s khng thanh ton vt qu s tin c th c bi
thng theo n bo him ny nh l khi iu khon ny cha c p
dng
2) Khi bt k ti sn c bo him no theo iu khon ny b h
hi hoc ph hu mt b phn, trch nhim ca BAOVIET s khng
vt qu tng s tin th hin chi ph m BAOVIET c th phi
thanh ton cho cng vic khi phc nu nh ti sn b hu hoi
ton b.
3) BAOVIET s khng bi thng vt qu s tin c th c bi thng
theo n bo him ny nh l khi iu khon ny cha c p dng
trc khi Ngi c bo him thc hin cng vic khi phc v
thc s b ra cc chi ph thc hin cng vic ny.
4) BAOVIET s khng bi thng vt qu s tin c th c bi thng
theo n bo him ny nh l khi iu khon ny cha c p dng
nu nh ti thi im pht sinh tn tht i vi bt c ti sn c
bo him no, ti sn c bo him bi mt hp ng bo
him khc do Ngi c bo him thc hin, m vic bi thng
khng da trn c s khi phc hay thay th nh quy nh y.
5) Mi hng mc c bo him theo iu khon ny c k
khai, u tun th mt cch ring r iu kin v bo him di
gi tr di y:
- Nu ti thi im khi phc, s tin th hin chi ph l ra
pht sinh cho cng vic khi phc trong trng hp ton b ti sn
c bo him tng ng vi hng mc b ph hu vt qu s tin
bo him ca hng mc ti thi im xy ra ho hon hoc
ta thi im ti sn bt u b ph hu hay h hi do bt k
ri ro c bo him no theo n ny gy ra, Ngi c bo him
s c coi nh l Ngi bo him cho phn vt qu v s phi gnh
chu mt phn tn tht theo t l tng ng. Nu trong n bo
him c t hai hng mc tr ln thuc phm vi p dng ca iu
khon ny th mi hng mc s tun th iu kin ny mt
cch ring r.
6) iu khon ny s khng c hiu lc nu nh:
(a)

Trong vng 6 thng k t khi xy ra s ph hu hoc

h hi ca ti sn c bo him hoc trong tng thi gian na

sau nu Bo Vit chp nhn bng vn bn, Ngi c bo him
khng thng bo cho Bo Vit v nh ca mnh i vi vic
thay th hay phc hi li ti sn b ph hy hay h hi.
(b) Ngi c bo him khng th hoc khng mun thay
th hay phc hi li ti sn b ph hy hay h hi ngay ti hin trng
hoc a im khc.

99

REMOVAL OF DEBRIS CLAUSE

The insurance is on costs and expenses necessarily incurred by the insured with the
consent of the company in:
A) Removal of Debris
B) Dismantling and/or demolishing
C) Shoring up or propping
of the portion or portions of the property insured destroyed or damaged by fire or by
other peril hereby insured against.

7) Nu v bt k mt l do no theo cc qui nh c bit trn

y m BAOVIET khng bi thng s tin c th c bi thng
theo n bo him nh l khi iu khon ny cha c p dng, th
mi quyn li v trch nhim ca BAOVIET v Ngi c bo him
v s ph hu hoc thit hi ca ti sn c bo him s tun
theo cc iu khon v iu kin ca n ny, bao gm c iu
kin v bo him di gi tr, nh l khi iu khon ny cha c
nh km v p dng.
iu khon dn dp hin trng
Cc bn ng v hiu rng, n ny s m rng bo him
cho nhng chi ph cn thit m Ngi c bo him phi thanh
ton vi s chp thun ca BAOVIET :
a) Di chuyn xc nhng ti sn b ph hu ra khi ...
b) Tho d v ph hu
) mt hay nhiu b phn ca ti
sn c bo him b ph
) hu hoc h hi do cc ri ro bo him
gy ra
c) Gia c hoc chng
)
S tin bi thng theo iu khon ny s khng vt qu:
- 5% s tin bo him ca ti sn c bo him nh Nh ca/ My
mc/ Tt c nhng ti sn khc
- 2.5% s tin bo him ca hng ho lu kho.
BAOVIET s khng c trch nhim bi thng cho bt k chi ph no:
(i) pht sinh trong vic di chuyn ti sn b ph hu ngoi vic di
chuyn khi hin trng v a im ngay st cnh hin trng,
(ii) pht sinh do lm nhim hay nhim bn nhng ti sn khng
c bo him theo n ny
Trch nhim bi thng ca BAOVIET theo iu khon v n ny
i vi mi hng mc, khng bao gi vt qu s tin bo him k
khai tng ng vi mi hng mc.

10
0

10
1

RENT

iu khon v tin thu nh

Insurance on Rent applies only if (any of) the said building(s) or any part thereof is
unfit for occupation in consequence of any of the perils hereby insured and then the
amount payable shall not exceed such proportion of the sum insured on Rent as the
necessary period of unoccupancy bears to the term of Rent insured.

Bo him cho tin thu nh ch p dng nu(bt k) mt hay

nhng ta nh no c cp n hoc bt c b phn no
ca mt hay nhng ta nh , do hu qu ca bt k ri ro no
c bo him theo n bo him ny, khng cn thch hp s
dng. Trong trng hp s tin c th c bi thng s khng vt
qu mt phn s tin bo him ca Tin thu nh c tnh theo t
l gia thi gian khng s dng vi c thi hn thu mn c bo
him.
iu khon v dch v

SERVICE CLAUSE
The Insurance by this policy relating to Machinery and Equipment extends to
include telephone, gas, water and electric instruments, meters, piping, cabling and
the like and accessories thereof including similar property in adjoining yards or
roadways or underground all the property of the Insured or of supplies or others for
which the Insured are responsible.

10
2

SMOKE DAMAGE CLAUSE

Warranted during the currency of this Policy that notwithstanding
anything
in
the
withi
at all the conditions of the Policy (except in so far as they may be
hereby expressly varied) shall apply as if they had been
incorporated herein and for the purposes hereof any destruction or
damage as aforesaid shall be deemed to be destruction or damage
by fire.
Further warranted that this insurance does not cover:
(a)
Destruction or damage directly or indirectly occasioned by
or happening through or in consequence of War, Invasion, Act of
Foreign Enemy,
Hostilities (whether war be declared or not),
Civil War, Rebellion, Revolution, Insurrection or Military or Usurped
power.
(b) Consequential loss or damage of any kind or description

Phm vi bo him theo n bo him ny lin quan n cc hng

mc My mc v Thit b s c m rng bao gm c cc dng c
in thoi, in, nc, kh t, ng h o, ng ng, ng cp
v cc thit b tng t v cc ph tng i km theo chng bao gm
c cc ti sn tng t cc sn bi, ng s, hoc ngm di
t khu vc ln cn, mi ti sn ca Ngi c bo him hng
ho hay cc ti sn khc m Ngi c bo him phi chu trch
nhim trng nom.
iu khon v thit hi do khi
Cc bn cam kt rng trong thi hn bo him ca n bo him
ny, d cho c bt c quy nh no khc, phm vi bo him
theo n ny s c m rng bao gm :
Ph hu hoc thit hi i vi ti sn c bo him (do chy hoc
nguyn nhn khc) trc tip gy ra bi:
Khi pht sinh t mt s c ngu nhin bt thng hoc hot ng
sai st ca thit b un nng hoc thit b nu n khi cc thit
b c ni vi mt ng khi bng mt ng ng dn khi hoc
ng thng khi trong hoc ngay cnh ngi nh k khai trong n
bo him ny, nhng khng bo him cho khi pht sinh t l si
hoc thit b cng nghip.
Vi iu kin l tt c cc iu kin ca n bo him ny (ngoi
tr nhng iu kin c thay i theo iu khon ny) vn
p dng nh l chng c ghi y v iu khon ny c bo
him l, bt k s ph hu hoc thit hi no ni trn s c coi
nh l ph hu hoc thit hi do chy gy ra.
Cc bn cng cam kt rng n ny khng bo him cho:
a) S ph hu hoc thit hi trc tip hoc gin tip pht
sinh t hoc xy ra do hu qu ca Chin tranh (d c tuyn chin
hay khng), Xm lc, Hot ng th ch nc ngoi, Binh bin, Ni
chin, Khi ngha, Cch mng, Hot ng qun s, Dy binh, Bo
lon.

10
3

b) tn tht hu qu di mi hnh thc

iu khon v thay i c bit

SPECIAL ALTERATION CLAUSE

This insurance shall not be prejudiced by any alteration of the trade
or manufacture, nature of the occupation or other circumstances
provided the Insured shall pay a reasonable additional premium if
required from the inception date of the increase hazard.

10
4

SPECIAL REINSTATEMENT VALUE CONDITIONS CLAUSE

1) a)
"Special Reinstatement Value" shall mean the cost of
reinstatement of the property insured arrived at in accordance with
the Reinstatement Value Clause but at the level of costs applying at
the inception of the period of insurance together with, insofar as
the insurance provides, due allowance for:i) the additional cost of reinstatement to comply with public
authority requirements
ii) professional fees
iii) removal of debris cost

Hiu lc bo him s khng b hu b nu c bt k s thay i

no lin quan n hot ng kinh doanh hoc ch to, bn cht
ngh nghip hoc cc hon cnh khc ca Ngi c bo him vi
iu kin l Ngi c bo him phi thanh ton khon ph ph
b sung hp l theo yu cu ca BAOVIET k t ngy bt u s
thay i dn n lm gia tng nguy him .
iu khon v gi tr khi phc c bit
1) a) "Gi tr khi phc c bit" c ngha l chi ph khi phc
cc ti sn c bo him b tn tht theo iu khon v gi tr
khi phc nhng vi mc chi ph p dng t ngy bt u hiu
lc bo him, cng vi cc chi ph thch hp khc trong phm vi m
n bo him ny qui nh
i)
chi ph khi phc b sung tun theo nhng yu
cu ca nh chc trch.
ii) chi ph chuyn gia

b) "Declared Value" shall mean the Insured's assessment of the

Special Reinstatement Value.
2) At the inception of each period of insurance, the Insured shall
supply to the Insurers the Declared Value of the property insured by
each item to which the Special Reinstatement Vlaue Condition
apply. In the absence of such a declaration the last amount
declared by the Insured shall be taken as the Declared Value for the
ensuing period of insurance.
3) Special Provision (3) of the Reinstatement Value Clause
amended to read:

is

Each item insured under this memorandum is declared to be

separately subject to the following condition of Average, namely-If
at the time of destruction of or damage to the property insured, the
Declared Value be less than the Special Reinstatement Value of that
property at the inception of the period of the insurance, then the
Insurers' liability for any loss shall be limited to the proportion
which the Declared Value bears to the Special Reinstatement Value
but not exceeding the sum insured.

10
5

Sprinkler leakage cover clause

iii) chi ph dn dp hin trng

b) " Gi tr k khai" c ngha l Gi tr khi phc c bit theo
nh gi ca Ngi c bo him.
2) Ti thi im bt u ca mi thi hn bo him, Ngi c bo
him phi cung cp cho BAOVIET Gi tr k khai ca nhng ti sn
c bo him tng ng vi mi hng mc m iu khon v gi tr
khi phc c bit p dng. Trong trng hp khng c thng bo
nh vy, gi tr quy nh cho thi hn bo him tip theo s l gi
tr m Ngi c bo him khai bo ln khai bo gn nht.
3) iu kin c bit s (3) ca iu khon v Gi tr khi phc
c sa li nh sau:
Mi hng mc c bo him theo iu khon ny s tun theo
mt cch ring r nhng quy nh sau ca iu khon bo him
di gi tr:
Nu ti thi im xy ra tn tht i vi ti sn c bo him, gi
tr khai bo nh hn gi tr khi phc c bit ca ti sn ti
ngy bt u hiu lc bo him, trch nhim ca BAOVIET cho
bt k tn tht no s ch gii hn i vi phn tn tht c xc
nh theo t l gia Gi tr khai bo vi Gi tr khi phc c
bit v khng vt qu s tin bo him.
iu khon bo him cho nc r r t h thng cha chy t
ng

It is hereby declared and agreed that this Policy is extended to

cover Sprinkler Leakage which shall mean destruction or damage
caused by water accidentally discharged or leaking from the
automatic Sprinkler Installation, for an amount not exceeding the
total Sum Insured or ................. whichever is the less, any one
accident, provided that the leakage is not a result of the following
causes:
(a) Heat caused by fire
(b) Repairs or alterations to the buildings or premises
(c) The Sprinkler Installation being repaired, removed or extended.
(d) Freezing in the event of the premises being vacant or
unoccupied, or freezing
due to the neglect of the Insured
(e) The order of the Government or of any municipal local or other
competent
authority
(f) Subterranean fire
(g) War invasion act of foreign enemy hostilities (whether war be
declared or not)
civil war rebellion revolution insurrection or
military or usurped power
(h) Explosion, the blowing up of buildings or blasting
(i ) Defects in construction or condition of which the Insured is
aware
Subject otherwise to the terms and conditions of this Policy.

10
6

10
7

10
8

Cc bn tho thun v ghi nhn rng n bo him ny c m

rng bo him cho thit hi do nc r r t h thng cha chy t
ng, c ngha l s ph hu hoc h hi gy ra do nc r r hoc
thot mt cch bt ng t cc thit b ca h thng cha chy t
ng, vi s tin bi thng khng vt qu tng s tin bo him
hoc ........USD, p dng vi s tin no nh hn vi mi mt s c,
vi iu l vic r r ny khng phi l hu qu ca cc nguyn
nhn sau:
(a) Nng gy ra do chy
(b) Sa cha hoc thay i i vi nhng ngi nh hoc c s
bo him
(c) H thng cha chy t ng ang c sa cha, di chuyn
hoc m rng
(d) ng bng trong trng hp c s khng c s dng, hoc do
s xut ca Ngi c bo him
(e) Lnh ca Chnh ph hoc bt c chnh quyn a phng hay
nh chc trch hp php no
(f) Chy ngm di t
(g) Chin tranh, hot ng chin s, th ch nc ngoi (d cho c
tuyn chin hay khng), ni chin, binh bin, khi ngha, bo lon,
hot ng qun s, tim quyn,
(h) N, n tung ngi nh hoc n mn
(i) Khuyt tt trong xy dng hoc trong nhng iu kin m
Ngi c bo him nhn bit c

SPONTANEOUS COMBUSTION

Trn c s tun th nhng iu kin ca n bo him ny.

iu khon v bo him t bc chy

In consideration of the payment of an additional premium it is

hereby declared and agreed that this insurance covers loss of or
damage to the insured property caused by its own spontaneous
combustion, notwithstanding anything stated to the contrary in the
printed Conditions of the Policy
SUBSIDIARY COMPANIES CLAUSE

Trn c s Ngi c bo him thanh ton khon ph ph bo

him, cc bn ng v tho thun rng phm vi bo him theo
n ny s m rng bi thng cho cc tn tht i vi ti sn
c bo him gy ra do chnh ti sn t bc chy, d cho trong
n bo him ny c nhng qui nh tri ngc no khc.
iu khon v cc cng ty chi nhnh (cng ty con)

Where the term " Subsidiary Companies" is used herein, it shall be

deemed to include any Company or its subsidiary which may be
formed, purchased or acquired by the Insured during the Period of
Insurance.

Cc bn ng v tho thun rng thut ng " Cc cng ty chi

nhnh" c s dng trong trong n bo him ny c xem l bao
hm bt k cng ty no hoc chi nhnh no ca n c th c Ngi c bo him thnh lp, mua li hoc ginh c trong thi hn
bo him.
iu khon v t b th quyn

SUBROGATION WAIVER
In the event of a claim arising under the Policy BAOVIET agrees to
waive any rights, remedies or relief to which they may become
entitled by subrogation against:
(a)
any company standing in the relation of Parent to
Subsidiary (Subsidiary to Parent) to the Insured.

Trong trng hp pht sinh bt k mt khiu ni no c th pht sinh

theo n bo him ny, BAOVIET ng t b bt k quyn li
no m h c th c hng t Ngi c bo him (sau khi
thanh ton bi thng) i vi:

10
9

(b)
any company which is a Subsidiary of a Parent Company of
which the Insured are themselves a Subsidiary.

a) Bt k cng ty no c quan h Cng ty m - Cng ty con vi Ngi

c bo him

SUE AND LABOUR CLAUSE

b) bt k cng ty no l Cng ty con ca mt cng ty m, m Ng i

c bo him cng l Cng ty con ca Cng ty m .
iu khon v t tng v n lc hn ch tn tht

In case of actual loss, it shall be lawful and necessary for the

Insured, his or their factors, servants and assigns, to sue, labour
and travel for, in and about the defense, safeguard and recovery of
the property covered hereunder and part thereof without prejudice
to this insurance, nor shall the acts of the Insured or BAOVIET in
recovering, saving and preserving the property covered in case of
loss be considered a waiver or an acceptance of abandonment.
The expense so incurred shall be borne by the Insured and the
company proportionately to the extent of their respective interests
(provided that the liability of the company shall not exceed in the
aggregate the sum
insured)
11
0

THEFT ENDORSEMENT
It is hereby agreed and understood that otherwise subject to the terms, conditions,
provisions and exceptions contained in the above Policy this insurance shall be
extended to cover the loss or damage caused by theft following:

Trong trng hp xy ra tn tht thc s, iu cn thit v ph hp

vi lut nh l Ngi c bo him, cc i l, ngi lm cng cho
h hoc ngi c h y nhim phi tin hnh cc bin php t
tng v thc hin cc n lc bo v v m bo quyn i
bi thng i vi cc ti sn c bo him theo n ny hoc mt
phn ca ti sn m khng lm phng hi n hp ng bo
him ny. Vic Ngi c bo him hoc Bo Vit thc hin cc
bin php thu hi, cu vt v gi gn ti sn c bo him
trong trng hp xy ra tn tht khng c xem nh mt s t b hay
chp nhn vic t b i vi ti sn . Cc chi ph b ra cho
vic ny c xc nh tng ng gia Ngi c bo him v Bo
Vit theo t l vi quyn li ca mi bn (vi iu kin l trch
nhim ca Bo Vit tng cng li khng vt qu s tin bo him).
iu khon v m rng bo him cho trm cp

entry into or exit from the premises by forcible and violent means.

Cc bn tho thun v hiu rng trn c s cc iu kin v gii

hn ca n bo him ny, phm vi bo him ca n ny s bi
thng cho cc tn tht gy ra do trm cp trong cc trng hp
sau:

(ii)
assault, violence or threat thereof to the insured, the Insureds employees
or any people to whom the Insureds property is entrusted.

(i) t nhp vo hoc thot ra khi a im c bo him

bng v lc hoc hnh ng bo lc

Provided that:

(ii) tn cng, s dng v lc hoc e do ngi c bo him,

nhn vin ca Ngi c bo him hoc bt c ngi no c trch
nhim trng coi ti sn ca Ngi c bo him.

(i)

- Immediately upon having knowledge of any event giving rise or likely to give rise
to a claim under this insurance the Insured shall:
a) give notice to the police and render all reasonable assistance in causing
the discovery and punishment of any guilty person and in tracing and recovering the
property.
b) give notice thereof to BAOVIET in writing and within seven days
thereafter deliver to BAOVIET a claim in writing and supply all such detailed
evidences and particulars as may be reasonably required.
In no case shall BAOVIET be liable for any loss or damage not notified to
BAOVIET within 30 days after such an event occurs.
- The Insured shall take all reasonable precautions for the safety of
property including
(a) the selection and supervision of employees,
(b) the security of all doors, windows, and other means of entrance.

Vi iu kin l:
Ngi c bo him, ngay khi nhn bit c v bt k s c no c
th pht sinh hoc dn dn mt khiu ni no theo n bo him
ny, phi:
a) Thng bo cho c quan cng an v to mi iu kin h tr hp
l nhm pht hin v bt gi ti phm cng nh truy tm v thu
hi ti sn
b) thng bo bng vn bn cho BAOVIET v s vic, v trong vng
mt tun k t ngy xy ra s vic, chuyn vn bn khiu ni i
bi thng v cung cp cc chng c chi tit v c im m
BAOVIET c th yu cu mt cch hp l

- In the event of a claim being made against BAOVIET under this insurance:
a) The Insured shall satisfy BAOVIET by such evidence as it may
reasonably require that the loss or damage claimed for has actually arisen from one
of the causes insured against and that the property in respect of which a claim is
made is not merely mislaid or missing,
b) BAOVIET shall be entitled to any property for the loss of which a claim
is paid hereunder and the Insured shall execute all such assignments and assurances
of such property as may be reasonably required but the Insured shall not be entitled
to abandon any property to BAOVIET.

Trong mi trng hp, BAOVIET s khng chu trch nhim bi thng

cho bt c tn tht no m Ngi c bo him khng thng bo
cho BAOVIET trong vng 30 ngy k t ngy xy ra s c.
- Ngi c bo him phi thc hin tt c cc bin php phng
nga hp l cho s an ton ca ti sn trong vic
(a) tuyn chn v gim st nhn vin,
(b) kim tra an ton ton b ca ra vo, ca s, v cc li vo nh
khc
Trong trng hp pht sinh khiu ni theo iu khon ny:
a) Ngi c bo him phi thc hin nhng yu cu hp l ca
BAOVIET bng cc bng chng chng minh rng tn tht thuc
khiu ni pht sinh do mt trong nhng ri ro c bo him gy ra
v ti sn khng ch n thun l b tht lc hoc mt tch,

11
1

TEMPORARY REMOVAL
The property insured (other than stock in trade or merchandise) of this policy is
covered (limited to 10% of the Sum Insured for such items) whilst temporarily
removed for cleaning renovation modification repair or other similar purpose
elsewhere the same or to any other premises and in transit thereto and therefrom by
road rail or inland waterway all in the Socialist Republic of Vietnam
The amount recoverable under this Memorandum in respect of the property so
removed shall not exceed the amount which would have been recoverable had the
loss occurred in that part of the Premises from which the property is temporarily
removed.
This Memorandum does not apply to property if and so far as it is otherwise insured,
nor does it apply to items covering stock and merchandise of every description, nor
as regard losses occurring elsewhere than at the Premises from which the property is
temporarily removed, to:
(a) motor vehicles and motor chassis
(b) property (other than machinery and plant) held by the Insured
in trust.

b) BAOVIET c quyn li i vi bt k ti sn no, m thit hi ca

n c BAOVIET bi thng trn c s iu khon ny v Ngi
c bo him phi thc hin mi s chuyn giao v cc bin php
c yu cu mt cch hp l m bo quyn li ca
BAOVIET. Tuy nhin Ngi c bo him khng c quyn t b bt
k ti sn no cho BAOVIET.
iu khon v di chuyn tm thi
Ti sn c bo him trong n bo him ny( tr hng ho lu
kho mua vo hay bn ra) cng c bo him (vi gii hn l 10% s
tin bo him) trong khi chng c di chuyn mt cch tm thi
lm sch, ci tin, hon ci, sa cha hoc mc ch khc tng t bt c ni no ti cng mt a Im hay chuyn ti cc
a Im khc trong qu trnh chng c vn chuyn ti
hoc t i ni khc bng ng b, ng st, ng thy ti
nc Cng ho x hi ch ngha Vit Nam
S tin c th c bi thng theo Iu khon m rng ny i vi
tI sn c di chuyn nh vy s khng vt qu s tin c th c
bi thng nh trong trng hp tn tht xy ra khu vc thuc phm
vi a Im c bo him m t tI sn c chuyn I khi
mt cch tm thi.
Iu khon m rng ny khng p dng i vi tI sn nu trong
Iu kin l chng dc bo him theo cc hnh thc khc v
cng khng p dng i vi kho hng v bt c loI hng ha g
cng nh khng p dng khi tn tht xy ra bt c nI no ngoI
khu vc m tI sn c di chuyn tm thi khi i vi :
(a) Xe c gii v khung gm xe c gii
(b) TI sn (ngoI my mc thit b) c giao ph, y thc cho Ngi c bo him.

11
2

11
3

TENANTS CLAUSE

iu khon v Ngi thu nh

Should a tenant of the Insured in any within insured Building do or omit to do

without the knowledge or consent of the Insured anything which would vitiate any
Conditions and/or Warranties, this Section will not be held to void on that account
provided that the Insured shall notify to the Company the happening or existence of
such act or omission as soon as the same come to his or her knowledge and shall on
reasonable demand pay the additional charge for any increase of hazard thereby
created according to the established scale of rates for the time such increased hazard
may be, or shall have been, assumed by the Company during the continuance of this
Insurance.

Nu mt ngi ra thu ca Ngi c bo him bt c ta nh no

c bo him thc hin hoc khng thc hin bt c iu g m
t dn n vi phm cc iu kin v/hoc cc Cam kt theo
n bo him ny, m cha c s chp thun ca Ngi c bo
him hoc Ngi c bo him cha bit v s vic , th hiu
lc ca Phn mc ny s khng b hu b vi iu kin l Ngi c
bo him phi thng bo cho BAOVIET v vic hoc ang xy
ra s vic ngay sau khi Ngi c bo him bit c s vic
v phi ng thm mt khon ph ph bo him hp l theo yu
cu ca BAOVIET do pht sinh s tng thm kh nng nguy him
trn c s biu ph c xc lp cho khong thi gian m Bo
Vit cho rng c nhng nguy him gia tng trong thi gian ca
n bo him ny.
iu khon Bo him cho ngi i thu khi thc hin cc
cng vic ci to, thay i.

TENANT IMPROVEMENT CLAUSE

The insurance by this Policy extends to include the Insured's interest as tenants in
improvements, structural alterations and additions, decorations and fixtures. The
Insurers' shall not be liable in respect of the above for any amount which the Insured
may be able to recover from the owner of the building.

11
4

11
5

Phm vi bo him theo n ny m rng bi thng cho quyn

li ca Ngi c bo him - l ngi thu nh trong vic ci to, thay
i v b sung thit k ni tht, trang tr v lp t trang
thit b c nh. BAOVIET khng c trch nhim bi thng nhng
s tin m Ngi c bo him c th thu t ch s hu nginh.

TIME ADJUSTMENT CLAUSE

iu khon v iu chnh thi gian

In the event of loss damage or destruction to the Property caused by typhoon, storm,
tempest, flood earthquake the amount of the Excess in respect of such loss or
damage caused by these perils shall apply afresh and be deducted again in respect of
any loss or damage occurring after seventy two hours freedom from typhoon, storm,
tempest, flood, earthquake.

Trong trng hp tn tht hoc thit hi pht sinh i vi Ti sn c bo him gy ra do ging bo, l lt, ng t, mc min th ng i vi mi tn tht hoc thit hi gy ra do nhng ri ro
ny s c p dng bt u t khi xy ra v li tip tc khu tr
i vi bt k tn tht hoc thit hi no pht sinh sau 72 gi k
t khi xy ra cc ri ro thin tai ny.
iu khon v bo him cho qu trnh vn chuyn

TRANSIT CLAUSE
The insurance by this Section is extended to include loss destruction or damage to
the Insured Property whilst in transit unless more specifically insured ( by road rail
waterway or air) provided that the Company shall not exceed ....................
Warranted truck, lorry van or lighter not left unattended at any time during transit.

Phm vi bo him theo phn mc ny s rng bi thng cho

nhng ph hu hoc h hi i vi ti sn c bo him trong qu
trnh vn chuyn tr phi c bo him theo cc n bo him
c tnh cht c th khc ( bng ng b, ng xe la, ng
thu, hoc hng khng) vi iu kin l trch nhim ca BAOVIET
s khng vt qu US$ ...
Cc bn cam kt xe ti, toa tu ch hnh l hoc s lan lun lun
phi c ngi p ti.

11
6

UNDAMAGED FOUNDATIONS CLAUSE

iu khon v nhng nn mng khng b h hi

Where Property Insured is destroyed but the foundations are not destroyed and due
to the exercising of statutory powers and/or delegated legislation and/or authority by

Nu ti sn c bo him b ph hu nhng nhng phn nn mng

khng b ph hu v do vic thc thi cc quy nh php quy

11
7

11
8

Government Department, Local Government or any other Statutory Authority

reinstatement of the Property Insured has to be carried out upon another site that the
abandoned foundations will be considered as being destroyed, provided that if the
presence of the abandoned foundations increases the resale value shall be regarded as
salvage and the amount thereof shall accordingly be payable to the Insurer(s) by the
Insured.

v/hoc lnh ca c quan Chnh ph, chnh quyn a phng,

hoc bt c c quan hu trch no khc m phi khi phc li ti
sn c bo him ti mt a im khc, th nhng phn nn
mng b t b s c coi nh l b ph hu, vi iu kin l nu
nhng phn nn mng b t b lm tng gi tr bn li s c
coi nh l phn gi tr thu hi v s tin tng ng ca nhng phn
nn mng s c Ngi c bo him thanh ton cho BAOVIET.

UNOCCUPANCY CLAUSE

iu khon v a im khng s dng

Unnamed sub-stations will not be considered unoccupied for the purpose of this
insurance.

Theo n bo him ny, nhng ga ph khng tn s khng c coi

l khng c s dng.

VEHICLE LOAD CLAUSE

iu khon v hng ch trn xe c gii

In the event of any of the Insured's vehicles being left loaded except overnight whilst
in and/or on the premises described in the Specification hereto the Company will
indemnify the insured in respect of such load in the event of loss or damage by any
of the perils insured against by this Policy.

Trong trng hp bt c xe c gii no ca Ngi c bo him khng

c trng coi trong tnh trng c hng (tr trng hp b b li
qua m) ti nhng a im c cp c th trong n bo
him th Bo Vit s bi thng cho Ngi c bo him nhng mt
mt hoc thit hi xy ra i vi hng trn xe trong trng
hp nhng mt mt hoc thit hi nh vy pht sinh do nhng ri ro
c bo him ca n bo him ny gy ra.

Provided always that the insurance afforded under this clause shall subject to a sublimit of .......... per occurrence of loss or damage to the Property Insured, which limit
shall form part of and not in addition to the Limit of Liability under this Policy.

11
9

WAIVER OF SUBROGATION CLAUSE

It is agreed that BAOVIET shall waive its right of subrogation against any party who
would in the event of a subrogation action being pursued submit a claim to and be
indemnified by the Insurers for various policies effected by Insured, provided that all
Insurers of these policies will likewise waive their rights of subrogation against each
party who would otherwise be indemnified hereunder.

12
0

12
1

Vi iu kin l phm vi bo him theo iu kin ny s da trn

c s mt hn mc trch nhim ph l US$ ...
cho mi s c
i vi ti sn c bo him, m hn mc ny s hp thnh v
khng lm tng thm Hn mc bi thng ca n bo him ny.
iu khon khng p dng th quyn
Cc bn tho thun rng BAOVIET s t b quyn c chuyn giao
t Ngi c bo him truy cu trch nhim ca bt c bn no
nu trong khi BAOVIET ang thc hin quyn ny m bn a
ra khiu ni i vi cc Cng ty bo him v c cc Cng ty bo
him bi thng theo cc n bo him khc nhau m Ngi c bo
him ng ra thu xp, vi iu kin l tt c cc Cng ty bo
him cp cc n bo him ny cng t b quyn truy cu
trch nhim i vi mi bn c th c bi thng theo n bo
him ny.

WAIVER OF APPRAISAL CLAUSE

In the event that the aggregate claim for any loss or damage to the real property of
the Insured be not exceeding USD 50,000, no special inventory or appraisal of the
undamaged property shall be required. Provided however, that nothing herein shall
be constructed to waive the application of the Coinsurance Clause on this item.
WATER DAMAGE CLAUSE
It is hereby agreed and declared that the insurance under this policy shall extend to
include loss of or damage to the property insured directly caused by bursting or
overflowing of water tanks, apparatus or pipes from within the building insured or

iu khon bo him thit hi do nc

Cc bn tho thun v ng rng phm vi bo him theo n
ny s m rng bi thng cho nhng tn tht i vi ti sn

containing the property insured but excluding:

(i)

damage thereto

(ii)

loss or damage whilst the building is untenanted

(iii)
loss or damage by water discharged or leaking from any automatic
sprinkler
installation in the within described buildings.
(iv)

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2

the first ...........................of each and every loss

(ii) thit hi xy ra khi ngi nh khng c s dng

(iii) thit hi gy ra do nc r r hoc thot ra t h thng cha
chy lp t t ng trong cc ngi nh c k khai ni trn
(iv) s tin ........ u tin ca mi tn tht

provided that all the conditions of the Policy shall apply as if they had been
incorporated herein and for the purposes hereof any loss or damage as aforesaid shall
be deemed to be loss or damage by fire.

vi iu kin mi iu kin ca n ny c p dng nh chng

ghi trong iu khon ny v tt c cc tn tht ni trn s c coi
nh l nhng tn tht gy ra do ho hon.

75% STOCK DECLARATION CLAUSE

iu khon v khai bo gi tr hng ho 75%. (*)

In consideration of the premium of the fire and burglary insurance being

provisionally calculated on 75% of the sum insured thereby the Insured shall declare
the value of such property on the last day of each quarter in writing to the Company
within thirty days thereafter and if a declaration be not so given the Insured shall be
deemed to have declared the maximum sum insured as the value.

Trn c s xem xt rng ph bo him cho cc hng ha bo him

trong n bo him ny c tnh ton tm thi bng 75% s tin
bo him theo n ny, Ngi c bo him phi thng bo bng
vn bn gi tr ca nhng ti sn vo ngy cui cng ca mi
qu trong vng 30 ngy k t sau ngy v nu nh thng bo
khng c thc hin th Ngi c bo him c coi nh
tuyn b s tin bo him ti a chnh l gi tr ca hng ha.

If the property described in the said item of this policy is also insured under any
other policy, the value declared shall be that proportion of the total value of the
property which the sum insured on such property under this policy bears to the total
of the sum insured under all policies on such property.
The value declared shall be the value at risk on the last day of each quarter.
On the expiry of each period of insurance of the actual premium for the said item
shall be calculated at the rate agreed percentage per annum on the average amount
declared, i.e the total of the sums declared divided by the number of declaration. If
the actual premium be greater than the provisional premium the difference shall be
repaid to the Insured, but such repayment shall not exceed 50% of the provisional
premium.
In consideration of the insurance not being reduced by the amount of any loss the
Insured shall pay the appropriate extra premium of the amount of the loss from the
date thereof to the date of the expiry of the period of insurance.

12

c bo him trc tip gy ra do n hoc trn cc b cha ,

thit b cha, ng ng nc trong phm vi ngi nh c bo him
hoc cha ti sn c bo him, nhng loi tr:
(i) thit hi ti nhng b cha, thit b cha, ng ng nc

75% STOCK VALUATION AND DECLARATION / ADJUSTMENT (*)

Nu ti sn k khai trong cc hng mc ni trn ca n bo him

ny cng c bo him theo bt c n bo him no khc, gi tr
k khai s l phn gi tr trong tng gi tr ti sn c tnh theo t
l gia s tin bo him ca ti sn theo n bo him ny
trn cho tng s tin bo him theo ton b cc n bo him
ca ti sn .
Gi tr k khai s l gi tr bo him vo ngy cui cng ca mi
qu
Vo ngy ht hn ca mi thi hn bo him, s ph bo him thc
t cho cc hng mc ni trn s c tnh theo t l ph bo him
tho thun theo nm vi gi tr k khai trung bnh, c ngha l
tng nhng s tin k khai chia cho s ln k khai. Nu ph
bo him thc t ln hn khon ph bo him tm thi, th s
tin chnh lch s c BAOVIET hon tr, nhng s tin hon tr s
khng vt qu 50% ca khon ph bo him tm thi.
Trn c s s tin bo him s khng do c bt k tn tht no c
th pht sinh trong thi hn bo him, Ngi c bo him phi
thanh ton mt khon ph ph bo him thch hp tng ng vi gi
tr tn tht, tnh t ngy xy ra tn tht cho n ngy ht hiu
lc ca n bo him.
iu khon v khai bo gi tr hng ho 75%. (**)

Valuation of Inventory / stock for the purposes of calculating a loss under this Policy
shall be the actual value thereof, of like kind and quality at the time of replacement
including any cost and duty to be applicable to point of final storage or processing
Where an item in respect of Stocks is indicated in the Schedule to be subject to
declaration the following conditions shall apply :
1. The Premium in respect of the item(s) are provisional, being 75% of the estimated
premium, and shall on the expiry of each period of insurance

Nu mt hng mc Hng ho c k khai trong Giy chng nhn

bo him trn c s khai bo, nhng iu kin sau s c p
dng:

2. The value of the property on the last day of each calendar month shall be declared
in writing by the Insured to the Insurer within thirty days thereafter, and if a
declaration be not so given the Insured shall be deemed to have declared the
maximum sum insured as the value,

1. Khon ph bo him tng ng vi hng mc s ch l khon

ph tm tnh bng 75% ga tr ca ph bo him theo c tnh, v
s c iu chnh li vo ngy ht hn ca mi thi hn bo him.

3. On the expiry of each period of insurance the actual premium for the said item
shall be calculated at the appropriate rate on the average amount declared, i.e. the
total of sums declared divided by the number of declarations.

2. Ngi c bo him phi thng bo bng vn bn gi tr hng

ho vo ngy cui cng ca mi thng cho BAOVIET trong vng 30
ngy k t sau ngy , v nu nh thng bo khng c gi,
th Ngi c bo him c coi nh l tuyn b s tin bo
him ti a chnh l gi tr ca hng ha.

4. If the actual premium be greater than the provisional Premium the insured shall
pay the difference : if it be less, the difference shall be repair to the Insured, but such
repayment shall not be exceed one third of the First or Annual Premium respectively.
5. In consideration of the insurance not being reduce by the amount of any claim the
Insured shall pay the appropriate extra premium on the amount of the claim from the
date thereof to the date of expiry of the period of insurance.

12
4

Gi tr hng ho tnh ton tn tht theo n bo him ny s

l gi tr thc t ca chng, vi cng chng loi v cht lng ti thi
im thay th bao gm bt k chi ph v khon l ph no p
dng n tn kho /ni x l cui cng.

3. Vo ngy cui cng ca mi thi hn bo him, khon ph bo

him thc s cho cc hng mc ni trn s c tnh theo t l hp l
trn s tin trung bnh k khai, ngha l tng nhng s tin
k khai chia cho s ln k khai.
4. Nu nh khon ph bo him thc s ln hn khon ph bo
him tm tnh, Ngi c bo him phi thanh ton s tin chnh
lch, nu nh nh hn, s tin chnh lch s c hon tr cho Ngi
c bo him vi iu kin s tin hon tr s khng vt qu
1/3 ca s bo him tm tnh.

80% CO-INSURANCE CLAUSE

5. Trn c s s tin bo him s khng gim do c bt k tn tht

no c th pht sinh trong thi hn bo him, Ngi c bo him
phi thanh ton mt khon ph ph bo him thch hp tng ng
vi gi tr tn tht, tnh t ngy xy ra tn tht cho n ngy
ht hiu lc ca n bo him.
iu khon ng bo him 80%

Notwithstanding anything contained herein to the contrary, the

Sum Insured by this Policy having been declared by the Insured to
represent 80 per cent of the total value of the Property described
herein and the premium for this Policy having been calculated
accordingly it is hereby declared and agreed that if at the time of
any loss or damage the Sum Insured shall be less than 80 per cent
of the total value of the Property insured the Insured shall be a coinsurer to the extent of an amount sufficient to make the insurance
equal to 80 per cent of the total value of Property hereby insured
and in that capacity shall bear their proportion of any loss that may
occur.
Every item. if more than one, of the Policy shall be
separately subject to this Clause.

Cho d c cc quy nh no tri ngc trong n bo him ny, nu

s tin bo him theo n ny do Ngi c bo him k khai, th
hin 80% tng gi tr ca ti sn k khai trong n bo him ny
v ph bo him ca n ny c tnh ton tng ng, cc bn
tho thun v ghi nhn rng nu ti thi im tn tht, s tin
bo him nh hn 80% tng gi tr ca ti sn c bo him, Ngi c bo him s c coi nh l ngi ng bo him trong phm vi
s tin b p sao cho s tin bo him tng ng vi
80% tng gi tr ti sn c bo him theo n ny v trong
phm vi s phi t gnh chu mt t l tng ng ca bt k tn
tht no c th xy ra. Nu c t hai hng mc tr ln c bo
him theo n bo him ny th mi hng mc s tun theo

iu khon ny mt cch ring r.

12
5

12
6

85% AVERAGE CLAUSE

iu khon bo him di gi tr 85%

Notwithstanding anything herein contained to the contrary , it is hereby declared and

agreed that if at the time of the loss the sum insured does not represent more than
85% of the Reinstatement Value in regard non stock items and 85% of the indemnity
value for stock items then the Insured shall be considered as being their own insurer
for the difference and shall bear a ratable share of the loss accordingly. Every item, if
more than one , of this policy shall be separately subject to this condition.

Cho d c cc quy nh no tri ngc trong n bo him ny, nu

s tin bo him theo n ny do Ngi c bo him k khai, cc
bn tho thun v ghi nhn rng nu ti thi im tn tht, S
tin bo him khng ln hn 85% gi tr thay th vi cc hng mc
khng phi l hng ho v 85% gi tr bi thong vi cc hng mc
l hng ho, Ngi c bo him s c coi nh l t bo him cho
phn chnh lch v s t chu mt phn theo t l tng ng ca
mi tn tht c th pht sinh. Nu c t hai hng mc tr ln c
bo him theo n bo him ny th mi hng mc s tun
theo iu khon ny mt cch ring r.

VEHICLE/ CONTAINER LOAD CLAUSE

In the event that any of the Insureds vehicles and / or containers being left loaded
overnight whilst in and / or on the premises insured, the Company shall indemnify
the Insured in respect of such load in the event of loss or damage by any of the perils
insured against under the Policy.

BUSINESS INTERRUPTION CLAUSES

00
1

ACCUMULATED STOCKS
In adjusting any loss insured by Section II. Business Interruption
account may be taken and an equitable allowance made if any shortage
in Turnover due to the Damage is postponed by reasons of the Turnover
being temporarily maintained from accumulated stocks of finished
goods.

00
2

ADDITIONAL INCREASE IN COSTS IN WORKING CLAUSE

The insurance under Item No. 3 is limited to the additional expenditure
beyond that recoverable under Clause (b) of Item No. 1 hereof which is
necessarily and reasonably incurred by the Insured during the Indemnity
Period in consequence of the damage for the sole purpose of avoiding or
diminishing the reduction in Turnover which but for that expenditure
would have taken place during the Indemnity Period.
Payment under this item shall not exceed 50 % of the sum insured
thereunder in respect of the first quarter of the Indemnity Period nor 75
% thereof in respect of first half of the Indemnity Period.

00
3

ALTERNATIVE BASIS CLAUSE

It is agreed and declared that at the option of the Insured, the term
Output may be substituted for the term Turnover and for the
purposes of this policy, Output shall mean the sale value of goods
manufactured by the Insured in the course of the business at the
premises.
PROVIDED THAT :
(a) Only one such meaning shall be operative in connection with any
one occurrence involving damage ( as within defined ).
(b) If the meaning set out above be adopted
(i) Memorandum No. 1 aftermentioned shall be inoperative
and
(ii) Memo 1 shall stand to read as follows :
MEMO: If during the Indemnity Period goods shall be manufactured
elsewhere than at the premises for the benefit of the business either by
the Insured or by others on their behalf, the sale value of goods so

00
4

manufactured shall be brought into account arriving at the Output

during the Indemnity Period.
AUDITORS FEES CLAUSE
The insurance under auditors and professional accountants fees is
limited to the reasonable fees payable by the Insured to their auditors
and/or professional accountants for producing and certifying any
particulars or details contained in the Insureds Books of Accounts or
other business books or documents or such other proofs, information or
evidence as may be required by the Insurer.

00
5

AUTOMATIC REINSTATEMENT OF LOSS CLAUSE

In the event of any claim having occurred under this Policy and in the
absence of written notice by the Insured to the contrary the amount of
insurance cancelled by such claim is to be automatically reinstated as
and from the date of the damage the Insured undertaking to pay the
appropriate additional premium as may be required for such
reinstatement from that date

00
6

BUSINESS CONDUCTED OTHER THAN AT PREMISES

If during the Indemnity Period goods shall be sold or services be
rendered elsewhere than at the Premises for the benefit of the Business
either by the Insured or by others on their behalf the money paid or
payable in respect of such sales or services shall be brought into account
in arriving at the Turnover during the Indemnity Period.

00
7

CUSTOMERS PREMISES EXTENSION

It is hereby agreed and declared that subject to the conditions of the
Policy, loss as insured by Item(s) of this policy resulting from
interruption or interference with the business in consequence of damage
( as within defined ) to property at any premises in Singapore of the
undernoted Customer(s) shall be deemed to be a loss resulting from
damage to property used by insured at the Premises.
Provided that if the percentage shown below against the name of the
Customer at whose premises damage has occurred shall be less than the
percentage of the Annual Turnover derived by the Insured from that
Customer the amount otherwise payable under the terms of this
Memorandum in respect of that Customer shall be proportionately
reduced.
CUSTOMER

PERCENTAGE

All Customers
00
8

100 %

DENIAL OF ACCESS CLAUSE

This insurance is extended to cover loss resulting from
interruption of or interference with the business of the
Insured in consequence of damage to property in the
vicinity of the premises which should prevent or hinder
the use thereof or access thereto whether the premises
or property of the Insured therein shall be damage or not,
shall be deemed to be loss resulting from damage to the
property used by the Insured at the premises.

00
9

DEPARTMENTAL CLAUSE
In the event of a claim arising in any of the departments of the Insured
included in this insurance, the settlement of such claim shall be made on
the figures of each of such department separately (as disclosed by the
Insured's books) and for that purpose the definitions of Gross Profit and
Turnover (whenever those words appear) shall be read to refer to the
figures of such departments affected; provided that if the Sum Insured
by this Section shall be less than the aggregate of the sums produced by
applying the Rate of Gross Profit of each department of the Business
(whether affected by the damage or not) to the relative Annual Turnover
thereof the amount payable shall be proportionately reduced. If, in the
event of a claim in respect of any department, there shall be any saving
in the charges normally appearing in the head office Profit and Loss
Account, the amount of such saving shall be taken into account in the
assessment of such claim.

01
0

EXCESS WAIVER
It shall not be a condition precedent to liability in respect of interruption
or interference in consequent of Damage that payment shall have been
made or liability admitted under the insurance covering the interest of
the insured in the property at the Premises if no such payment shall have
been made nor liability admitted solely owing to the operation of a
condition in such insurance excluding liability for lossess below a
specified amount.

01
1

FAILURE OF SUPPLY FROM PUBLIC UTILITIES CLAUSE

Loss as insured by this policy resulting from interruption of or
interference with the business in consequence of damage ( as within
defined ) to property at an electricity station or sub-station from which

the Insured tain electric current shall be deemed to be loss resulting

from damage to property used by the Insured at the premises provided
that the company shall not be liable for any loss insured by this
extension unless the failure of electric current from such electricity
station or sub-station exceed a period of 24 hours and the liability of the
company under this extension shall apply only to such period in excess
of 24 hours.
The insurance under Item No. 3 is limited to the additional expenditure
beyond that recoverable under Clause ( b ) of Item 1 hereof which is
necessarily and reasonably incurred by the Insured during the Indemnity
Period in consequence of the damage for the sole purpose of avoiding or
diminishing the reduction in Turnover which but for that expenditure
would have taken place during the Indemnity Period.
Payment under this item shall not exceed 50 % of the sum insured
thereunder in respect of the first quarter of the Indemnity Period nor 75
% thereof in respect of the first half of the Indemnity Period.
01
2

INTERDEPENDENCY CLAUSE
It is hereby agreed and declared that, subject to the conditions of the
Policy, loss as insured by this policy resulting from interruption of or
interference with the business in consequence of damage (as within
defined) to property of the Insured situated at the various locations
insured with the Company shall be demmed to be loss resulting from
damage to property used by the Insured.

01
3

INFECTIOUS OR CONTAGIOUS DISEASE, MURDER AND

CLOSURE CLAUSE
It is hereby agreed and declared that the insurance by this policy is
extended to cover loss as insured hereunder resulting from interruption
of or interference with the business carried on by the Insured at the
premises in consequence of (i) Infectious or contagious disease manifested by any person whilst at
the premises,
(ii) Murder or Suicide occurring at the premises,
(iii)Injury or Illness sustained by any person arising from or traceable to
foreign or injurious matter in food or drink provided on the premises,
provided that the above (i), (ii), and (iii) necessitate the closure of the
whole or part of the premises by order of a competent Public Authority,

(iiii) Closing of the whole or part of the premises by order of a

competent Public Authority consequent upon vermin or pests or defects
in the drains and other sanitary arrangements at the premises.
Provided always that the insurance under this memorandum shall be
subject to the following Special Conditions and that all the conditions of
the policy ( except in so far as they may be hereby expressly varied )
shall apply as if they had been incorporated herein.
Special Conditions
1. The liability of the Company shall in no case under this memorandum
and the policy exceed the sum insured by the policy.
2. This insurance does not cover loss resulting from destruction or
damage directly or indirectly occasioned by or happening through or in
consequence of Riot, Civil Commotion, War, Invasion, Act of Foreign
Enemy, Hostilities ( whether war be declared or not ), Civil War,
Rebellion, Revolution, Insurrection or Military or Usurped Power.
3. This insurance does not cover loss resulting from damage occasioned
by or happening through or occasioning -

01
4

loss or destruction of or damage to any property whatsoever or any loss

or expense whatsoever resulting or arising therefrom or any
consequential loss directly or indirectly caused by or contributed to by
or arising from ionizing radiation or contamination by radioactivity
from any nuclear fuel or from any nuclear waste from the combustion of
nuclear fuel.
LEAKAGE OF LIQUIDS CLAUSE
It is hereby agreed and declared that notwithstanding anything in this
Policy to the contrary, but subject to the Special Conditions below, the
insurance under this Policy extends to include destruction of or damage
to the property insured, caused by the leakage of liquids of any kind.
Special Conditions:
It is a conditions of this extension that all fire insurance covering the
identical interest thereunder be extended concurrently and in the same
manner.
this insurance does not cover :
(a) Destruction or damage caused by any of the perils hereby insured

against, if such destruction or damage is occasioned by or happens

through any of the following occurrence namely - war, invasion, act of
foreign enemy, hostilities ( whether war be declared or not ), civil war,
rebellion, revolution, insurrection, military or usurped power.
(b) Consequential loss of any kind or destruction.
(c) The first US$ 500.00 of each and every loss.
01
5

LEEWAY CLAUSE (ESCALATION)

In the event of the Gross Profit earned during the accounting period of
twelve months most nearly concurrent with any period of insurance
certified by the Insured's Auditors being in excess of the sum insured
thereof a pro-rata additional premium not exceeding 20% of the
premium paid on such sum insured for such period of inurance will be
payable in respect of the difference.

01
6

It is expressly understood that the Company shall not under any

circumstance be liable in consequence of damage for an amount in
excess of 15% of the respective sums insured nor for any amount in
excess of the actual loss sustained by the Insured.
NEW BUSINESS CLAUSE
For the purpose of any claim arising from damage occuring before the
completion of the first year's trading of the business at the premises the
terms : rate of gross profit, annual turnover and standard turnover shall
bear the following meanings and not as within stated.
Rate of Gross Profit - The rate of gross profit earned to which such
adjustments shall on the turnover during the period between the date of
be made as may be necessary to the commencement of the business and
the date of the provide for the trend of the business damage and for
variations in or special circumstances affecting the business
Annual Turnover - the proportional equivalent, for a
either before or
after the damage or period of twelve months, of the turnover realised
during which would have affected the the period between the
commencement of the business business had the damage not and the
date of the damage occurred, so that the figures thus adjusted shall
represent as nearly as Standard Turnover- the proportional equivalent,
for a may be reasonably practicable the period equal to the indemnity
period, of the turnover results which but for the damage realised during
the period between the commencement would have been tained during
of the business and the date of the damage the relative period after the
damage

01
7

OUTPUT OPTION CLAUSE

It is agreed that in the event
may be based on Turnover
equiptable result and except
"Turnover" whenever used in
Output".

of a claim under this policy, adjustment

or Output whichever affords the more
in the definition of Turnover, the word
this Policy shall be read as "Turnover or

"Output" shall mean the sale value and/or the internal transfer value as
between departments of goods manufactured at the premises
01
8

OUTSIDE PREMISES EXTENSION CLAUSE

Subject to the conditions of this Policy, loss as insured by
this Policy resulting from interruption of or interference
with the business in consequence of Damage ( as within
defined ) at the undernoted locations or to property a
undernoted shall be deemed to be loss resulting from
damage to property used by the Insured at the premises
other than insured premises.
Any location any where in Vietnam
But excluding (a) the premises of any public supply
undertaking from which the Insured tains electricity, gas
or water (b) premises not in the occupation of the
Insured, where property of the Insured is stored
Provided that the Company shall not be liable for more
than U$ 50,000 in the aggregate.

01
9

02
0

PAYMENT ON ACCOUNT
In the event of the occurrence of a loss under this
insurance the Insurers will make payment on account in
respect of such loss to the Insured if desired
PUBLIC UTILITIES EXTENSION CLAUSE
This insurance is extended to cover loss resulting from
interruption of or interference with the business carried
on at the insured premises in consequence of failure of
electric supply at the terminal ends of the electricity
service feeders from which the Insured tained electric
supply at the said premises directly due to Damage (a
within defined) to property at an Electricity Station or

Sub-Station or Public Electricity Supply Undertaking from

which the Insured obtain electric supply.
Provided however that the Insurers shall not be liable for
any loss occasioned by the deliberate act of the
Government, or local authority not performed for the sole
purpose of safeguarding life or protecting any part of the
supply undertaking's system or by the exercise by any
such Authority of its power to withhold or restrict of
ration supply not necessitated solely by Damage to the
supply undertaking's generating or supply equipment by
an insured peril.
The Indemnity Period in respect of each damage or of a
series of damages consequent on or attributable to one
source or original cause shall be as follows:The period beginning with the occurrence of damage and
ending not later than 60 days thereafter during which the
result of the business shall be affected in consequence of
the damage.
Provided that the Insured shall not be liable for any loss
for the first 24 hours of each such failure.
02
1

REBATE CLAUSE
In the event of the Gross Profit earned during the accounting period of
twelve months most nearly concurrent with any Period of Insurance as
certified by the Insured's Auditors being less than the respective Sum
Insured thereon a pro-rata return of premium not exceeding 50 per cent
of the premium paid on such Sum Insured for such Period of Insurance
will be made in respect of the difference. if any damage shall have
occurred giving rise to a claim under Section II such return shall be
made in respect only of so much of the said difference as is not due to
such damage.

02
2

SALVAGE SALES CLAUSE

If following damage giving rise to a claim under this Policy the Insured
shall hold a salvage sale during the indemnity period, Clause (A) of item
(1) of this Policy shall for the purpose of such claim read as follows:
(A) In respect of reduction in turnover the sum produced by applying
the rate of gross profit to the amount by which the turnover during the
indemnity period (less the turnover for the period of salvage sale) shall

in consequence of the damage fall short of the standard turnover, from

which sum shall be deducted the gross profit actually earning during the
period of salvage sale.
02
3

SUPPLIER'S PREMISES EXTENSION CLAUSE

Subject to the conditions of the Policy, loss resulting from interruption
of or interference with the Business in consequence of Damage (as
within defined) at the undernoted situations or to property as undernoted
shall be deemed to be loss resulting from Damage to property used by
the Insured at the Premises provided that, after the application of all
other terms, provisions and conditions of the policy, liability under this
extension in respect of any occurrence.
Then the follows title, wordings and limits for each extension as
follows:
Specified Supplier
..........................

Limit
15% inclusive of the Sum Insured

Unspecified Supplier

Limit

The premises (subject to Class I construction situated in Vietnam) of

15% inclusive of the any other of the Insured's suppliers, manufacturers
or processors of Sum Insured components, goods or material but
excluding
a) the premises of any public supply undertaking from which the
Insured tains electricity, gas or water
b) Premises not in the occupation of the Insured where property of the
Insured is stored.
02
4

02
5

UNINSURED STANDING CHARGES CLAUSE

If any Standing Charges of the Business be not insured by this Policy
(having been deducted in arriving at the Gross Profit as defined herein)
then in computing the amount recoverable hereunder as Increase in Cost
of Working that proportion only of the additional expenditure shall be
brought into account which the sum of the Net Profit and the Insured
Standing Charges bears to the sum of the Net Profit and all the Standing
Charges.
UPWARD ADJUSTMENT CLAUSE

In the event of 100% the Gross Profit earned during any annual period
of insurance (or during the accounting period of twelve months most
nearly concurrent with any period of insurance), as certified by the
Insured's auditors being greater than the sum insured thereon, the
Insured will be held covered to the extent of 25% of the sum insured
hereof and a pro-rata additional premium not exceeding 25% of the
premium paid on such sum insured for such period of insurance will be
charged in respect of the diferrence.
02
6

20% PLUS PROVISION

In the event of 120% of the Gross Profit earned during the accounting
period of 12 months most nearly concurrent with any period of
insurance certified by the Insured's Auditors being in excess of the
respective Sum Insured thereon a pro-rata additional premium not
exceeding 20% of the premium paid on such sum insured for such
period of inssurance will be payable in respect of the difference.
It is expressly understood that the Company shall not under any
circumstances be liable in consequence of damage for an amount in
excess of 120% of the sum insured nor for any amount in excess of the
actual loss sustained by the Insured

LIABILITY CLAUSES
00
1

ADVERTISING, SIGNS AND DECORATIONS LIABILITY

CLAUSE
It is agreed that this Policy extends to indemnify all sums
which the insured is legally liable to pay as compensation
for bodily injury or damage to property arising out of or
caused by or in connection with the Insured's advertising
signs and decorations and the like.
Except to the extent that the provisions of this Policy are
hereby modified, the Terms. Exclusions and Conditions
shall apply.

00
2

CAR PARK'S LIABILITY CLAUSE

The indemnity provided by the Policy shall apply to Legal
Liability of the Insured in respect of loss of or damage to

motor vehicles belonging to the Insured's members and

guests while garaged or parked in or about the insured at
various locations where limited car park space is
available.
Provided always that :
1) The Company shall not be liable for any suchloss or
damage insofar as such loss or damage is covered by any
other insurance company.
2) the liability of the Company under this endorsement in
respect of any such loss or damage and under the Policy
in respect of any bodily injury or damage to property
shall not in any case exceed the Limit of Indemnity
specified in the Policy.
Subject otherwise to all other terms, exceptions and
conditions of this Policy.
00
3

CANTEEN CLAUSE
It is hereby declared and agreed that this Policy is
extended to cover the legal liability of the Insured arising
out of the operation of the Canteen provided that the
Company's liability shall not exceed the limit of indemnity
stated in the policy.
Subject otherwise to all other terms, exceptions and
conditions of this Policy.

00
4

CLOAKROOM RISK CLAUSE (LIABILITY)

The indemnity provided by this Policy is extended to
indemnify the Insured's legal liability in respect of loss or
damage to customers clothing or personal effects
deposited in the cloakroom provided by the Insured at
the Situation of Risk provided always that the Company's
liability shall be limited to US$ 10,000 in respect of any
one customer.
By reason of the foregoing it is warranted that:
1) a notice shall be prominently displayed in the following
terms:

This Cloakroom is provided for the convenience of

patrons and the Proprietor does not accept any
responsibility for property left therein, which is left
entirely at the parton's own risk. The numbered ticket
issued to partons does not constitute a receipt for
property.
2) A ticket shall in every case be issued in exchange for
articles deposited and no such articles shall be returned
to any person except on surrender of the said ticket.
3) Numbered tickets issued to customers shall bear the
words " Not a receipt - see Notice"
00
5

CONTIGENT LIABILITY TO EMPLOYEES IN THE

EMPLOY
OF
NOMINATED
OR
DIRECT
SUBCONTRACTOR CLAUSE
This Policy is extended to indemnify the Insured against
their liability at law to employees in the employ of
nominated or direct sub-contractors of any tier engaged
in connection with contracts undertaken by the Insured.
Provided always that:
a) This Extension will only operate in the event that the
Insured are not indemnified under any Employee
Compensation Insurance arranged by the relevant
nominated or direct sub-contractors or , when
indemnified, that any such insurance fails nevertheless to
respond to claims made against the Insured.
b) This extension will not indemnify the Insured against
their
statutory
liability
under
the
Employee
Compensation Ordinance; and

00
6

c) This extension will not contribute to any payment

made under any other Employee's Compensation
Insurance Policy.
CONTRACTUAL AGREEMENT CLAUSE
Where in the ordinary course of business the Insured
enters into an agreement with another party and such
agreement provides in substance that the Insured shall

indemnify and/or hold harmless and/or release from

liability such other party in respect of loss destruction or
damage which may occur as a result of any peril or
eventuality insured against by the Policy, this insurance
shall not be prejudiced by the Insured agreeing to such
provision and the indemnity and/or hold harmless
provision and/or release from liability shall be equally
upon the Insurer(s).
00
7

CROSS LIABILITY CLAUSE

00
8

DEFECTIVE SANITARY INSTALLATION EXTENSION

Each of the parties comprising the Insured shall for the

purpose of this policy be considered as a separate and
distinct unit and the words "the Insured" shall be
considered as applying to each party in the manner as if
a separate policy had been issued to each of the said
parties and the insurers hereby agree to waive all rights
of subrogation or action which they may have or acquire
against any of the aforesaid party arising out of any
accident in respect of which any claim is made hereunder
provided always that the aggregate liability of the insurer
shall not be increased beyond the Llimit of Indemnity in
respect of any one occurrence or series of occurrences as
stated in the Schedule.

The insurance granted by this Policy is extended to

include the Insured's legal liability in respect of
accidental bodily injury to any person and/or accidental
loss or damage to property caused by defective drains,
sewers or sanitary arrangements.
Subject otherwise to the terms and conditions of this
Policy.

00
9

ELEVATORS,
( TPL )

LIFTS,

HOISTS

LIABILITY

CLAUSE

Claim made in respect of elevator, Passengers and Goods

Lifts and Hoists (excluding claims recoverable under any
Engineering insurance Policy which may be in existence)
warranted that regular inspection and maintenance of
the within insured elevator, lifts and hoists shall be
carried out by authorized contractors.

01
0

EMPLOYEE WORKING OVERSEAS LIABILITY CLAUSE

01
1

FALSE ARREST CLAUSE

It is hereby noted and agreed that this Policy is extended

to cover the Insured's legal liability for death and/or
bodily injury to third party persons and damage to third
party property arising out of their Employee traveling on
business trip overseas.

It is hereby declared and agreed that the meaning of the

words bodily injury will include false arrest, false
imprisonment, wrongful eviction.
Assault battery, wrongful detention by the Insured's
security guards provided such acts are not willful. No
liability shall attach to the Insurers for loss arising as a
result of libel, slander and defamation.

01
2

FIRE AND/OR EXPLOSION LEGAL LIABILITY CLAUSE

It is agreed that this Policy extends to indemnify all sum
which the Insured shall become legally liable to pay as
compensation for damage by fire and/or explosion to
premises as specifically indicated, including landlord's
fixtures, fittings and furnishings, not being the Insured's
own but occupied by or in his physical or legal control.
In the event that the insured is entitled to indemnity
under any other policy of insurance, the indemnity
granted herein will apply only in respect of an amount in
excess of that provided by such other policy.
Provided that the Limit of Indemnity shall apply inclusive
of this clause
Except to the extent that the provisions of this Policy are
hereby modified the terms. Exclusion and Conditions
shall apply.

01
3

FIRE LEGAL LIABILITY CLAUSE

Notwithstanding any thing contained herein to the

contrary it is hereby agreed and understood that this

Policy is extended to indemnify the Insured for all sums
which the Insured shall become legally ligated to pay as
damaged because of injury to or destruction of, including
loss of use of, structures or portions thereof rented to or
occupied by the named Insured including fixtures
permanently attached thereto, if such injury or
destruction is caused by accident and arising out of fire.
01
4

FIRST AID CLAUSE

It is hereby agreed and declared notwithstanding
anything contained herein to the contrary that this Policy
is extended to indemnify the Insured and any member of
the Insured's First Aid or Medical Organisation (other than
a qualified Medical Practitioner) employed under a
contact of service or apprenticeship with the Insured
against liability as within defined in respect of medical of
surgical treatment given by such member in the course
of his employment with the Insured.
Provided always that the Insured shall have arranged
with any such member for the conduct and control of all
claims to be vested in the Company and that the
member shall as though he were the Insured serve fulfill
and be subject to the terms exceptions and conditions of
this Policy insofar as they can apply.
Subject otherwise to be terms exceptions and conditions
of the Policy.

01
5

FIRST AID TREATMENT

It is hereby noted and agreed that the Policy shall extend
to include the Insured's liability for death or bodily injury
arising out of the administration of first aid by the
Insured's employees in Vietnam up to a maximum of $
100,000. Notwithstanding the foregoing, the Company
shall not be liable for:
a) Death of or bodily injury to any person under a
contract of service or apprenticeship with the insured
arising out of and in the course of such service or
apprenticeship or to a member of the Insured's family or
household.

(b) Compensation under any Workmen's Compensation

or Employers' Liability Law

01
6

Subject otherwise to be terms exceptions and conditions

of the Policy.
FLOOD DEFECTIVE SANITARY CLAUSE
Notwithstanding anything contained in the policy
exception 4 (G) to the contrary, this policy is extended to
indemnify the insured in respect of legal liability for
accidental bodily injury or property damage to third
parties caused by flood and defective sanitary installation
due to the insured's negligence in the course of their
general management duties

01
7

FOOD AND DRINK

It is hereby declared and agreed that the policy is
extended to include accidental bodily injury caused by or
attributable to food and drink sold or supplied or provided
by the Insured. Provided the liability of the corporation
under this Endorsement shall not exceed during the
period of insurance the limit of liability stated in the
schedule of the policy.
Subject otherwise to be terms exceptions and conditions
of the Policy.

01
8

FUNCTION
CLAUSE

ACTIVITIES

OR

SOCIAL

SERVICES

It is hereby noted and agreed that the Policy extends to

cover Employees whilst attending any function activities
or social services organised by the Insured or the
Employees' social club and whilst using the catering
facilities provided by the Employer.
01
9

GUEST EFFECT CLAUSE

It is hereby declared and agreed that the policy shall
extend to cover personal belongings of the Insured's
guests at the Insured's business premises which are lost
or damaged through the insured's negligence up to a

limit of US$ 250 per guest.

Subject otherwise to be terms exceptions and conditions
of the Policy.
02
0

HOTEL FIRE & EXPLOSION COVER - SURROUNDING

& GUEST PROPERTY CLAUSE
Notwithstanding anything to the contrary contained
Exception 2a the indemnity provided by this Policy
extended to indemnify the Insured against Liability
with in defined in respect of damage caused by
resulting from fire and/or explosion.

in
is
as
or

i) To the personal effects of guests

ii) Originating or occurring in on or about the Situation of
Risk to property elsewhere than in on or about the
Situation of Risk
Provided always that this memorandum shall not apply to
or include liability in respect of damage caused by or
resulting from explosion of fire following explosion which
either directly or indirectly arises out of or is traceable to
the use of any boiler of any steam or air pressure vessel
or of any apparatus connected therewith
02
1

HOTEL OPERATOR'S LIABILITY CLAUSE

This Policy extends to indemnify the Insured in respect of
all sums which the Insured shall become legal liable to
pay as compensation for loss of or damage to property
belonging to guests of the Insured's hotel for which
accommodation has been provided.
Provided that the Insured shall in all respects comply with
the requirements of the Hotel Proprietors Ordinance 1964
and that the Insured shall display in prominent place a
notice to the effect that the Hotel Management are not
responsible for loss of guests personal belongings and
valuables unless deposited with the Hotel Management
for safe keeping.
It is warranted that the such property deposited with the
Insured shall be kept in a locked safe and/or strongroom.

The Company shall not be liable for the first US$ 200 of
any claim in respect of any indemnity arising from this
memorandum.
The Company permits the Insured to settle any claim
under this Memorandum for amounts not exceeding US$
200 at the Insured's option and/or judgment as gesture of
good will with a "Release" duly signed by the claimant.
Any claim for an amount exceeding US$ 200 shall be
transmitted to the Company for handling.
Provided further that the maximum liability of the
Company under this memorandum shall not exceed US$
10,000 per guest and US$ 200,000 in the aggregate in
any one period of insurance, which is inclusive of and not
in addition to the Limits of Indemnity as shown on the
Schedule.
02
2

INDEMNITY TO LANDLORD CLAUSE

Notwithstanding anything herein contained to
contrary, it is hereby understood and agreed that:

the

1. In the event of any claim being brought or made

against (hereinafter called the Landlord(s)) in respect of
bodily injury or damage to property arising solely out of
the occupation by the Named Insured of premises situate
at of which the said Landlord(s) is/are the registered
owner(s), the Company will, subject to the Limits of
Liability specified in the Policy, indemnify the said
Landlord(s) against such claim, and any costs, charges
and expenses in respect thereof.
2. The terms and conditions of this Policy shall not be
cancelled, modified or restricted without the prior written
consent of the Landlord(s)
Provided always that:
a) It shall be a condition precedent to the liability of the
Company herein that the Landlord(s) hereby indemnified
shall comply with and be subject to the terms, conditions
and exclusion of the Policy as though such Landlord(s)
was/were the Insured.

b) The Limit of Indemnity shall apply inclusive of this

Endorsement.
c) The Insured shall have arranged with the Landlord(s)
for the conduct and control of all claims to be vested in
the Company/
Nothing in this Endorsement shall be construed as
affecting the right of the Company in the name of the
Insured to prosecute for its own benefit any claim for
indemnity or damages.
Nothing herein contained shall vary , alter or extend any
provision or condition of the Policy other than as above
stated.
02
3

INDEMNITY OF EMPLOYEES AND OTHER CLAUSE

If requested by the insured the Company will to the
extent of the indemnity granted by this Policy indemnify:
a) any principal or director or employee of the Insured in
respect of claims for which the Insured would be
i) Legal Liability and
ii) Entitled to indemnity under the Policy
if the claims were made upon the insured
b) Any office bearer or member of the social and/or
sporting clubs formed with the consent of the Insured for
Employees of the Insured in respect of claims arising
from duties connected with activities of any persons.
c) The personal representative of any person entitled to
be indemnified by this policy in the event of the death of
that person in respect of liability incurred by that person
Provided that it shall be a condition precedent to the
right of any person to indemnity that such person shall as
though he were the Insured comply with and be subject
to the terms conditions exceptions provisions and
memoranda of the Policy in so far as they can apply.

02
4

INDEPENDENT CONTRACTORS LIABILITY CLAUSE

This Policy extends to indemnify al sums which the

Insured shall become legally liable to pay as
compensation for bodily injury or damage to property
arising out of or caused by or in connection with the
alteration of and/or addition to any premise owned,
occupied or managed by the Insured.
It is further agreed that the Company shall not be liable
for any claim recoverable from any valid Third Party
Liability Insurance or Third Party Liability section of any
Contractors' All Risks Insurance held by the Insured.
02
5

LIABILITY
CLAUSE

OF

SUB-CONTRACTORS

EMPLOYEE

This Policy is extended to indemnify the Insured against

liability at law (including liability under the Legislation set
out in the Schedule) to employees in the employ of subcontractors of the Insured performing work for the
Insured while engaged in the Business in respect of which
indemnity is granted under this policy.
02
6

LIFT AND HOIST CLAUSE

It is agreed that this Policy extends to indemnify the
Insured for claims in respect of bodily injury or damage to
property arising directly or indirectly out of or caused by
or in connection with any passengers and goods lifts
and/or power hoisting machines in the physical or legal
control of the insured or used in work undertaken by or
on behalf of the Insured which are to be used within the
premises of the Insured.
Warranted that regular inspection and maintenance of
the within insured lifts, hoists shall be carried out by
authorised contractors.
Provided always the Limit of Indemnity shall apply
inclusive of this Extension.
Except to the extent that the provisions of this Policy are
hereby modified, the terms exclusions and conditions
shall apply.

02

LOADING AND UNLOADING CLAUSE

Notwithstanding anything contained herein to the

contrary, it is hereby declared and agreed that this policy
is extended to cover the Insured's legal liability to pay for
compensation in respect of:
(1) accidental death or bodily injury to any person
(2) accidental damage to property
Caused by the fault or negligence of the insured or the
Insured's employee during their loading and unloading
operations or delivery or collection from or to the
stationery vehicles.
Subject otherwise to the terms and conditions of this
Policy.

02
8

LOADING AND UNLOADING OF VEHICLE CLAUSE

This Policy covers claim made in respect of the Insured's
operation during loading and unloading of vehicle

02
9

MECHANICAL PLANTS/VEHICLES ENDORSEMENT

This Policy extends to indemnify the Insured in respect of
liabilities arising in connection with any mechanically
propelled plant equipment or vehicles used solely as tool
of trade in the work undertaken by the Insured.
Provided however that the Company shall not be liable in
respect of liabilities in connection with such plant
equipment or vehicle:
(a) in respect of the use of which insurance is required by
virtue of any legislation relating to motor vehilces,
(b) consequent upon the use of waterborne vessels or
aircraft
(c) which is otherwise insured in respect of other same
liability
(d) in respect of lifting or conveying any equipment
where the weight exceed the maximum limit allowed as

specifie by the manufacturer(s) or any Government

Licensing Authority.
Subject otherwise to the terms and conditions of this
Policy.
03
0

NON _OWNED VEHICLES LIABILITY

In consideration of an additional premium being included,
the terms and limitations of the indemnity granted by
this Policy shal apply with respect to non-owned motor
vehicles, subject to the following provisions:
1) DEFINITION - The words:
(a) "non-owned motor vehicle" shall mean a land
motor vehicle not owned by, registered in the name of,
hired by or loaned to the name insured.
(b) "motor vehicle" wherever used in the policy
with respect to the insurance afforded under this
endorsement, shall include "non-owned motor vehicle".
2) APPLICATION
The insurance applies only to the use, by any
person other than the Insured, of any non-owned private
car in the business of the insured, and to the use in such
business, by any employee of the Insured, of any nonowned commercial vehicle is such use of such
commercial vehicle is occassional and infrequent.
3) OTHER INSURANCE
This insurance shall be excess insurance over any
other specific insurance covering useres of such nonowned motor vehicle for third party bodily injury and
third party property damage.
Subject otherwise to the terms and conditions of this
Policy.

03
1

PERSONAL
INDEMNITY
EXECUTIVES CLAUSE

TO

DIRECTORS

AND

It is agreed that this Policy is extended to indemnify the

directors and/or executives of the Insured in respect of
claim made in respect of death or bodily injury or
damage to property as within defined arising out of their
executive traveling or business trips overseas.
03
2

PERSONAL INJURY LIABILITY CLAUSE

The Company will pay on behalf of the Insure all sums
which the Insured shall become legally ligated to pay as
damages because of injury (hereinafter called "personal
injury") sustained by the person or organisation and
arising out of one or more of the following offense
committed in the conduct of the Insured's business:
Group A : - False arrest, detention or imprisonment or
malicious prosecution;
Group B : - The publication or utterance of a liable or
slander or of other defamatory or disparaging material,
or a publication or utterance in violation of an individual's
right of privacy; except publication or utterance in the
course of related to advertising
broadcasting
or
telecasting activities conducted by or on behalf of the
Insured;
Group C :Wrongful entry or eviction or other invasion
of the right of private occupancy
If such offense is committed during the policy period
within the Geographical Area, and the Company shall
have the right and duty to defend any suit against the
Insured seeking damages on account of such personal
injury even if any of the allegations of the suit are
groundless, false of fraudulent, and may make such
investigation and settlement of any claim or suit as it
deems expedient, but the Company shall not be ligated
to pay any claim or judgment or to defend any suit after
the applicable limit of the Company's liability has been
exhausted but payment of judgments or settlements.
When used in deference to this insurance, "Damages"
means only those damages which are payable because of
personal injury arising out of any offense to which this
insurance applies.

Provided that the Company shall not be liable under this

Policy in respect of:
a) Liability assumed by the Insured under any contract or
agreement
b) Personal injury arising out of the willful violation of a
penal statute or ordinance committed by or with the
knowledge or consent of the Insured.
c) Personal injury sustained by any person as a result of
an offense directly or indirectly related to the
employment of such person by the Insured;
d) Personal injury arising out of any publication or
utterance described in Group B, if the first injurious
publication or utterance of the same on similar material
by or on behalf of the Insured was made prior to the
effective date of this insurance;
e) Personal injury arising out of a publication of utterance
described in Group B, concerning any organisation or
business enterprise, or its products or service, made by
or at the direction of the Insured with knowledge of the
false statement.
03
3

PRODUCT LIABILITY ENDORSEMENT

Subject to the terms, exceptions and conditions of the
policy, it is hereby agreed and understood that the policy
is extended to indemnify the Insured against all sums
which the Insured shall become legally liable to pay as
compensation claimants cost and expenses in respect of:
a) Accidental death or bodily injury or illness of any
person
b) Accidental loss of or damage to property occurring
within any country except USA and CANADA where the
Insured market their products during the period of
insurance and caused by any defect in or the harmful
nature of any goods (or the container thereof) sold or
supplied by the insured in connection with the business.

Provided always that the indemnity expressed in the

endorsement shall not apply to, in addition to the
exception of the policy:
1. Liability incurred by the insured as result of:
(a) any defect in or the harmful nature of any goods
intended to be supplied and supplied if such goods are in
accordance with the design plan drawing specification or
formula intended to be used by the Insured.
(b) any defect in the directions or advice intended to be
given and by the Insured concerning the use or storage
of any goods supplied by the insured.
2.. Liability in respect of loss of or dmag to any goods
supplied by the insured if such loss or damage is
attributable to any defect in or the harmful natrure of
such goods.
The Limit of indemnity in respect of this endorsement
inclusive of any costs and expenses of litigation incurred
with the written consent of the Company shall be as
follows:
i) any one accident
ii) during any one period of insurance
03
4

03
5

PRODUCT RECALL EXTENSION

It is hereby agreed and declared that claims for the
reimbursement of expenditure or compensation for recall
of products on grounds of an known or assumed
deficiency, as well as for replacement, loss of use,
inspection or subsequent remedy of products, shall be
excluded from the policy.
Subject otherwise to the terms and conditions of this
Policy.
PROPETY OWNERS LIABILITY CLAUSE
It is noted and agreed that the Company will subject to
the terms exceptions limits and conditions contained
herein or endorsed hereon indemnify the Insured against
all sums which the Insured shall become legally liable to
pay as damages in respect of :

1) Accidental bodily injury to any person

2) Accidental damage to property
happening during the period of insurance and
a) Caused by any defect in the premises or
b) Arising from the maintenance or repair or decoration
of the premises
Subject otherwise to
exceptions of the Policy.
03
6

the

terms,

conditions

and

SOCIAL / RECREATIONAL ACTIVITIES CLAUSE

It is hereby agreed and declared that this Policy is extended to
indemnify the Insured in respect of the Insured's legal liability for bodily
injury and property damage as within defined in this Policy caused by or
arising out of and in connection with social, recreational or welfare
activities organised, supervised and managed by the Insured for its
invited participant including employee, their families and friends
anywhere in Vietnam.
The word "Insured" wherever appearing includes as an insured any
person who is a member of the orgainising or management committee
for such social, recreational or welfare activities but only while acting
within the scope of their duties as such.
It is further declared and agreed that the indemnity granted under this
policy is also extended to apply to occurrences during the policy period
caused by the insured during such social, recreational or welfare
activities.
In the event of a claim, the Company will not raise the defense that such
participants and employees are not third parties.
Subject otherwise to
exceptions of the Policy.

03
7

the

terms,

conditions

and

SPORTS CLAUSE
Notwithstanding anything contained herein to the contrary it is hereby
understood and agreed that the indemnity provided by this Policy shall
extend to include liability arising out of provision of Sport social and
Welfare organisations sponsored by the Insured.

03
8

SPORT CLUB CLAUSE

It is hereby understood and agreed that the policy is
extended to cover the insured's legal liability arising out
of providing sports facilities to the employees.
Subject otherwise to
exceptions of the Policy.

03
9

the

terms,

conditions

and

TENANT'S LIABILITY CLAUSE

It is agreed and understood that this Policy extends to indemnify the
Insured against liabilities arising out of Section of the Insured's leases
for tenancy of the premises as specifically indicated.
Provided that the Limit of Indemnity shall apply inclusive of this clause.

04
0

Except to the extent that the provisions of this Policy are

hereby modified, the terms, exclusions and conditions of
this Policy shall apply.
TENANT'S PROPERTY LIABILITY CLAUSE
This Policy extends to indemnify all sums which the Insured shall
become legally liable to pay as compensation for loss of or damage to
property belonging to tenants of the Insured.
Provided that it shall be a condition precedent to any liability of the
Company that the Insured shall incorporate a disclaimer in all leases of
tenancy repudiating the landlord and/or property manager from liability
whatsoever in respect of loss of or damage to property sustained by any
tenant.

04
1

TRADE FAIR AND SALES PROMOTION ACTIVITIES CLAUSE

Notwithstanding anything contained herein to the contrary of this
Policy, this Insurance is extended to indemnify the Insured against third
party personal injury and/or property damage claims arising out of trade
fair & sales promotion activities, to be declared to this Company as soon
as possible.
Insurer would hereby undertake to take all reasonable precautions to
avoid and/or minimise any potential loss and/or damage.
Exception is limited to the Geographical Area limit of Vietnam and

activities involved be qualified indoors only.

Provided that the Limit of indemnity shall apply inclusive of this
Clause.
04
2

WORLDWIDE
EXECUTIVES

EXTENSION

FOR

DIRECTORS/

It is hereby agreed and understood that this Policy

extends to indemnify the Insured in respect of all sums
which the Insured shall become legally liable to pay as
compensation for accidental bodily injury to any person
or damage to property caused by the fault or negligence
of the Insured's directors/executives whilst engaged on
the Insured's business anywhere in the world, subject to
Vietnam Jurisdiction.
Provided always that the liability of the Company under
this extension shall not exceed the Limits of Liability
granted under this Policy.
Subject otherwise to
conditions of the policy.
04
3

the

terms,

exceptions

and

JURISDICTION CLAUSE
The indemnity under this Policy shall not apply in respec
of judgement which are not in the first instance delivered
by or
tained from a court of competent jurisdiction
within Vietnam only.
Subject otherwise to
conditions of the policy.

the

terms,

exceptions

and

MARINE CLAUSES
00
1

ACCUMULATION CLAUSE (MARINE)

Should there be an accumulation of interests beyond the
limits expressed in this policy by reason of any
interruption of transit &/or occurrence beyond the control
of the Assured, or by reason of any casualty &/or at a
transhipping point &/or on a connecting steamer or
conveyance, the Assurers shall hold covered such excess

interest and shall be liable for the full amount at risk (but
in no event for than twice the policy limit which would be
applicable to any one vessel) provided notice be given to
the Assurers as soon as known to the Assured.
00
2

CONTIGENT INSURANCE CLAUSE (MARINE)

00
3

INSTITUTE YATCH CLAUSE

At the option of the Assured provided declaration is

issued prior to shipment and prior to any known or
reported loss or accident and premium paid at rates as
agreed, this policy is extended to cover the Assured's
interest as an unpaid vendor on shipments of goods and
merchandise which have been sold against F.o.B and /or
C&F and/or FAS and/or similar terms under which the
Assured is not
ligated to furnish ocean marine
insurance, excluding however shipments consigned to
Assured's foreign branches or to their foreign sales agent.

The Insurance by this policy is governed by the Institute

Yatch Clause 1.8.77 which are current at the time of
issuing this policy and it is hereby understood that any
amended clauses which may be issued by the Institute of
London Underwriters in agreement with the Liverpool
Underwriters Association and Lloyd's applicable to any
risk commencing on or after the date of issue.
00
4

PACKERS CLAUSE (MARINE)

It is agreed (when requested) that the insured interest
shall be covered from the time of leaving store or factory
on route to packers warehouse whilst there for packing
( but limited to one month prior to shipment) and then in
transit to overseas steamer, or held covered.
Legal Requirements Warranty
Warranted that the Insured shall duly comply with and
serve all provisions, requirements and regulations of
(i)
and/or (ii)
and/or (ii)
and/or (ii)

Fire Services Department

Labour Department
Dangerous Goods Ordinance
Factories and Industrial Undertakings

Ordinance
and/or (ii)

Any other Statutory ligation

including any notice given and requirements made

pursuant to same the breach and disregard of which may
affect or increase the risk hereby insured except only that
this warranty shall not apply in respect of any Ordinance,
Regulation Notice or Requirement expressly waived by
the Company by endorsement on this Policy.
00
5

EXTENSION
CLAUSE

OF

COVER

FOR

DESIGNER'S

RISK

1. It is agreed and understood that notwithstanding

Exception 3.4.1 and otherwise subject to the terms
exclusions provisions and conditions contained in the
Policy or endorsed thereon and subject to the Insured
having paid the agreed extra premium, Section I of this
insurance shall be extended to indemnify the Insured for:
1.1. Loss or damage as a result of an accident due to any
fault, defect, error or omission in or failure of any design
plan or specification of the permanent works but shall
always exclude that part of the Insured Property directly
affected by such fault, defect, error or omission in or
failure of any design plan or specification.
2. In respect of each and every occurrence of loss or
damage indemifiable under this endorsement, the Insurer
shall not liable for the first US$ 1,000.
00
6

EXTENSION OF COVER FOR STORAGE CLAUSE

1. It is agreed and understood that otherwise subject to
the terms, exclusions, provisions and conditions
contained in the Policy or endorsed thereon and subject
to the Insured having paid the agreed extra premium,
Section I of this insurance shall be extended to cover :
1.1 Loss or damage to Insured property whilst in storage
elsewhere within the territorial limits of Vietnam subject
to a limit of US$ 100,000 for any one loss.
2. In respect of each and every occurrence of loss or
damage indemnifiable under this endorsement the

Insurers shall not be liable for the first US$ 500

00
1

EXTENSION
OF
COVER
FOR
COMMISIONING CLAUSE (CAR)

TESTING

AND

00
2

EXTENSION OF COVER FOR VIBRATION OR

REMOVAL OR WEAKENING OF SUPPORT CLAUSE
(CAR)

00
3

ALTERNATIVE TRADING CLAUSE

00
4

AUTOMOB ILES CLAUSE

If during the period goods shall be sold or services shall

be endorsed elsewhere than at the premises for the
benefit of the business either by the Insured or by other
on his behalf the money paid or payable in respect of
such sales or services shall be brought into account in
arriving at the turnover during the indemnity period.

The housing of autom iles is allowed and it is warranted that no

inflammable spirit intended for fuel in connection therewith be at any
time in the portion of the building under the control of the Insured, other
than that contained in the reservoirs of such autom iles or in approved
underground storage systems or in sealed metal containers.
00
5

CUSTOMER GOODS

00
6

DELIVERY RISKS CLAUSE

It is hereby declared and agreed notwithstanding

anything contained in the within policy to the contrary
but subject to its terms, limitations and conditions that as
regards Customer's goods, this policy indemnifies the
Insured against his legal liability for destruction or
damage of such property by fire or any other peril hereby
insured against.

It is hereby agreed and declared that this policy is

extended to indemnify the Insured against legal liability
in respect of bodily injury and/or damage to property:

1) Arising out of and in course of loading or unloading

operations from a stationery vehicle including delivery or
collection of the load from or to the vehicle.
2) Caused by any article or part of the load falling from a
vehicle whilst in transit.
00
7

EXTRAORDINARY WEATHER CLAUSE

00
8

FIRE BRIGADE AND WATER DAMAGE CLAUSE

00
9

INTERDEPEPENDENCY AND INTERFERENCE CLAUSE

It is hereby agreed and understood that in the event of

any employee of the insured whose attendance at his
place of employment is required by the insured during
the period when typhoon signal No.8 or above is hoisted
the cover provided under this policy is extended to
indemnify the insured for death or injury sustained by the
Employee whilst proceeding directly to his place of
employment or returning therefrom directly to his home
such death or injury shall be deemed to have arisen out
of and in the course of the Employee's Employment for
the purpose of this policy.

The Policy is extended to cover claims made in respect of

damage to the Property of third parties arising out of the
use of water or chemical by the Fire Services Department
to extinguish a fire in the Insured's described premises.

This insurance is extended to cover interdependency or

interference with the Insured's business due to any direct
loss or damage, by a peril insured against, to any
facility / factory of the Insured located in the Socialist
Republic of Vietnam.
01
0

PREMIUM ADJUSTMENT CLAUSE

In the event of the Gross Profit earned during the
financial year most nearly concurrent with any period of
insurance, as certified by the Insured's Auditors, being
less than the respective sum insured thereon, a pro rata
return of premium not exceeding 50 per cent of the
premium paid on such sum insured for such period of

insurance will be made in respect of the difference, if any

damage shall have occurred giving rise to a claim under
this Policy, such return shall be made in respect of so
much of the said difference as is not due to such
Damage.
01
1

SOLE PROPRIETORS OF SUB_CONTRACTORS OF ANY TIER

CLAUSE
For the purpose of this insurance under this Policy, the sole proprietors
of sub-contractors of any tier of the Insured are regarded as employees
in the contemplation of Exception (C) and covered under this Policy.

01
2

SPECIAL REINSTATEMENT CLAUSE

It is declared and agreed that in the event of the Contract Works defined
in the Policy being destroyed or damage, the basis upon which the
amount payable under this Policy is to be calculated shall be the
reinstatement of the property destroyed or damaged subject to the
following provisions also the terms and conditions of this Policy.
For the purpose of the insurance under these conditions "Reinstatement"
shall mean the carrying out of the aftermentioned work namely:
a) Where property is destroyed, the re-building of the property, if a
building, or in the case of other property, its replacement by similar
property, in either case in a condition equal to but not better or more
extensive than its condition when new.
b) Where property is damage, the repair of the damage and the
restoration of the damaged portion of the property to a condition
substantially the same as but not better or more extensive than its
condition when new.

01
3

TOP-UP COVER CLAUSE

In consideration of an additional premium being paid on the total
earnings of the employees described below, it is hereby agreed that any
limitation in the amount of compensation specified in the Employees
Compensation Ordinance relating to Permanent Incapacity shall not
apply to any compensation payable in respect of such employee shall
not exceed for employees:a) under 40 years of age
b) 40-56 years of age

- 96 months earnings
- 72 months earnings

c) 56 years of age and over

- 48 months earnings

but subject to a maximum of

US$ 50,000 for employees under Schedule I
US$ 80,000 for employees under Schedule II
US$ 100,000 for employees under Schedule III
such schedule of employees to be provided to the Company by the
Insured at inception of this Policy.

CONTRACTOR ALL RISKS

00
1

Cover for Loss or Damage Due to Strike, Riot and

Civil Commotion ( SRCC )
It is agreed and understood that otherwise subject to the
terms, exclusions, provisions and conditions contained in
the Policy or endorsed thereon, and subject to the
Insured having paid the agreed extra premium, this Policy
shall be extended to cover loss or damage due to strike,
riot and civil commotion which for the purpose of this
Endorsement shall mean (subject always to the Special
Conditions hereinafter contained ) loss of or damage to
the property insured directly caused by
1 the act of any person taking part together with other
in any disturbance of the public peace ( whether in
connection with a strike or lock-out or not ) not being an
occurrence mentioned in condition 2 of the Special
Conditions hereof,
2 the action of any lawfully constituted authority in
suppressing or attempting to suppress any such
disturbance or in minimizing the consequences of any
such disturbance,
3 the wilful act of any striker or locked-out worker done
in furtherance of a strike or in resistance to a lock-out,
4
the action of any lawfully constituted authority in
preventing or attempting to prevent any such act or in

minimizing the consequences of any such act.

Provided that it is hereby further expressly agreed and
declared that
1
all the terms, exclusions, provisions and conditions of
the Policy shall apply in all respects to the insurance
granted by this extension save in so far as the same are
expressly varied by the following Special Conditions and
nay reference to loss or damage in the wording of the
Policy shall be deemed to include the perils hereby
insured against,
2 the following Special Conditions shall apply only to the
insurance granted by this extension and the wording of
the Policy shall apply in all respects to the insurance
granted by the Policy as if this Endorsement had not
been made thereon.
Special Conditions
1 This insurance shall not cover
a
loss or damage resulting from total or partial
cessation of work or the retarding or interruption or
cessation of any process or operation,
b
loss or damage occasioned by permanent or
temporary dispossession resulting from confiscation,
commandeering or requisition by any lawfully constituted
authority,
c
loss or damage occasioned by permanent or
temporary dispossession of any building resulting from
the unlawful occupation by any person of such building.
d
consequential loss or liability of any kind or
description, any payments over and above the indemnity
for the material damage as provided herein
Provided nevertheless that the Insurers are not relieved
under b or c above of any liability to the Insured in
respect of physical damage to the property insured

occurring before dispossession or during temporary

dispossession.
2 This insurance shall not cover any loss or damage
occasioned by or through or in consequence, directly or
indirectly, of any of the following occurrences, namely
a
war, invasion, act of foreign enemy, hostilities or
warlike operations ( whether war be declared or not ),
civil war,
b mutiny, civil commotion assuming the proportion of or
amounting to a popular rising, military rising,
insurrection, rebellion, revolution, military or usurped
power,
c any act of any person acting on behalf of or in
connection with any organization with activities directed
toward the overthrow by force of the government de jure
or de facto or to the influencing of it by terrorism or
violence.
In any action, suit or other proceeding, where the
Insurers allege that by reason of the provisions of this
condition any loss or damage is not covered by this
insurance, the burden of proving that such loss or
damage is covered shall be upon the Insured.
3 This insurance may at any time be terminated by the
Insurers on notice to that effect being given by registered
post to the Insurers last known address, in which case
the Insurers shall be liable to repay a rateable proportion
of the premium for the unexpired term from the date of
cancellation.
00
2

COVER FOR CROSS LIABILITY

It is agreed and understood that otherwise subject to the
terms, exclusions, provisions and conditions contained in
the Policy or endorsed thereon and subject to the Insured
having paid the agreed extra premium, the Third Party
Liability cover of the Policy shall apply to the Insured
parties named in the Schedule as if a separate policy had
been issued to each party, provided that the Insurers
shall not indemnify the Insured under this Endorsement

in respect of liability for

- loss of or damage to items insured or insurable under
Section 1 of the Policy, even if not recoverable due to an
excess or any limit,
- fatal or non-fatal injury or illness of employees or
workmen who are or could have been insured under
workmen's compensation and/ or employers' liability
insurance.
The Insurers' total liability in respect of the insured
parties shall not however exceed in the aggregate for any
one accident or series of accidents arising out of one
event the limit of indemnity stated in the Schedule.
00
3

Maintenance Visits Cover

It is agreed and understood that otherwise
subject to the terms, exclusions, provisions and
conditions contained in the Policy or endorsed
thereon and subject to the Insured having paid
the agreed extra premium, this insurance shall
be extended for the maintenance period
specified here under to cover solely loss or
damage to the contract works caused by the
insured contractor(s) in the course of the
operation carried out for the purpose of
complying with the obligations under the
maintenance provisions of the contract.

Maintenance cover: from

Extra premium
00 Extended Maintenance Cover

to

It is agreed and understood that otherwise subject to the

terms, exclusions, provisions and conditions contained in
the Policy or Endorsed thereon and subject to the Insured
having paid the agreed extra premium, this insurance shall
be extended for the maintenance period specified hereunder

to cover loss or damage to the contract works

- caused by the insured contractor(s) in the course of the
operations carried out for the purpose of complying with the
obligations under the maintenance provisions of the
contract,
- occurring during the maintenance period provided such
loss or damage was caused on the site during the
construction period before the certificate of completion for
the loss or damaged section was issued.
Maintenance cover period : months commencing from
to
(both days inclusive)
00
5

Special Conditions Concerning the Construction and/or

Erection Time Schedule
It is agreed and understood that otherwise subject to the
terms, exclusions, provisions and conditions contained in
the Policy or endorsed thereon, the following shall apply to
this insurance:
The construction and/ or erection time schedule together
with any other statements made in writing by the Insured for
the purpose of obtaining cover under the Policy as well as
technical information forwarded to the Insurers is deemed to
be incorporated herein.
The Insurers shall not indemnify the Insured in respect of
loss or damage caused by or arising out of or aggravated by
deviations from the construction and/or erection time
schedule exceeding the number of weeks stated below
unless the Insurers had agreed in writing to such a deviation
before the loss occurred.
Deviation from time schedule:
weeks

00

Cover of extra Charges for Overtime, Night work, Work

on Public Holidays, Express Freight

It is agreed and understood that otherwise subject to the
term, exclusions, provisions and conditions contained in the
Policy or endorsed thereon an subject to the Insured having
paid the agreed extra premium, this insurance shall be
extended to cover extra charges for overtime, night work,
work on public holidays and express freight ( excluding
airfreight ).
Provided always that such extra charges are incurred in
connection with any loss of or damage to the insured items
recoverable under the Policy.
If the sum(s) insured of the damaged item(s) is/are less than
the amount(s) required to be insured, the amount payable
under this Endorsement for such extra charges shall be
reduced in the same proportion.

00
7

Limit: 10% of adjusted loss, US$ 200,000.00 in aggregate

Cover of Extra Charges for Airfreight
It is agreed and understood that otherwise subject to the
terms, exclusions, provisions and conditions contained in
the Policy or endorsed thereon and subject to the Insured
having paid the agreed extra premium, this insurance shall
be extended to cover extra charges for airfreight.
Provided always that such extra charges shall be incurred in
connection with any loss of or damage to the insured items
recoverable under the Policy.
Provided further that the maximum amount payable under
this Endorsement in respect of airfreight shall not exceed
the amount stated below during the period of insurance.
Limit

US$ 250,000.00 any one accident and US$

500,000.00 in aggregate with deductible of 20% of loss

(minimum deductible US$ 1,000.00)
00 Warranty Concerning Structures in Earthquake Zones
8

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 only indemnify the
Insured for loss, damage or liability arising out
of earthquake if the Insured proves that the
earthquake risk was taken in to account in
design according to the official building codes
valid for the site and that the qualities of
material and workmanship and the dimensions
on which the calculations were based were
adhered to.
00
9

Exclusion of loss, Damage or Liability Due to

Earthquake
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 not
indemnify the Insured for loss, damage or liability directly
or indirectly caused by or resulting from earthquake.

01
0

Exclusion of Loss, Damage or Liability Due to Flood and

Inundation
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 not indemnify the
Insured for loss, damage or liability directly or
indirectly caused by or resulting from flood and
inundation.

01
1

Cover for Testing of Machinery and Installations

It is agreed and understood that otherwise subject to the
terms, exclusions, provisions and conditions contained in
the Policy or endorsed thereon, the period of cover shall be
extended to include a test operation or a test loading but not
beyond four weeks from the date of commencement of the
test.
If, however, a part of a plant or one or several machine(s) is
( are ) tested and/or put into operation or taken over, the
cover for that particular part of the plant or machine(s) and
any liability resulting therefrom ceases whereas the cover
continues for the remaining parts to which the above does
not apply.
It is further agreed and understood that for the machinery
and installations undergoing a test, exclusions c and d of the
Exclusions to Section I of the Policy are deleted and the
following exclusion shall apply:
loss or damage due to faulty design, defective material or
casting, bad workmanship other than faults in erection;
In the case of second-hand items, the insurance hereunder
shall, however, cease immediately on the commencement of
the test.

01
2

Special Conditions Concerning the Construction of

Tunnels and Galleries
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 not indemnify the
Insured in respect of

- grouting of soft rock areas and/or other

additional safety measures even if their
necessity arises only during construction,
- overbreak excavation in excess of the
minimum excavation provided in the plans and
the additional expenses resulting therefrom for
refilling of cavities,
- expenses incurred for dewatering even if the
quantities of water originally expected are
exceeded substantially,
- loss or damage due to breakdown of the
dewatering system if such breakdown could
have been avoided by sufficient stand-by
facilities,
- expenses incurred for additional insulations
and facilities for the discharge of run-off and/or
underground water.
01
3

Special Conditions Concerning Underground Cables,

Pipes and Other Facilities
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 only
indemnify the Insured in respect of loss of or damage to
existing underground cables and/ or pipes or other
underground facilities if, prior to the commencement of
works, the Insured has inquired with the relevant authorities
about the exact position of such cables, pipes or other
underground facilities and takes all necessary steps to avoid
damage to same.
Claims in respect of loss of or damage to such underground
facilities which are in the same position as shown on the
underground maps ( drawings indicating the position of the
underground facilities ) shall be payable after applying a
deductible of 20 % of the loss amount or the deductible

stated under a below, whichever is the greater.

Claims in respect of loss of or damage to underground
facilities incorrectly shown on the underground map shall
be payable after applying the deductible stated under b
below.
The indemnity shall in any case restricted to the repair costs
of such cables, pipes or other underground facilities, any
consequential damage and penalties being excluded from
the cover.
Deductibles: a. 20 % of loss amount,
minimum
any one occurrence
01
4

b.
Exclusion of Loss of or Damage to Crops, Forests and
Cultures
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 not indemnify the
Insured for loss, damage or liability directly or
indirectly caused to crops, forest and/ or any
cultures during the execution of the contract
works

01
5

Special Conditions Concerning the Construction of

Dams and Water Reservoirs
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 not indemnify the
Insured in respect of

- grouting of soft rock areas and/or other

additional safety measures even if their
necessity arises only during construction,
- expenses incurred for dewatering even if the
quantities of water originally expected are
exceeded substantially
- loss or damage due to breakdown of the
dewatering system if such breakdown could
have been avoided by sufficient stand-by
facilities,
- expenses incurred for additional sealing or
waterproofing and additional facilities for the
discharge of run-off and/or underground water,
- loss or damage due to subsidence if caused by
insufficient compacting,
- cracks and leakage.
01
6

Cover for Existing Structures and/or Surrounding

Property
It is agreed and understood that otherwise
subject to the terms, exclusions, provisions and
conditions contained in the Policy or endorsed
thereon and subject to the Insured having paid
the agreed extra premium, the cover under
Section I shall be extended according to the
following provisions to cover sudden and
unforeseen physical loss of or damage to the
structures stated below caused by or arising out
of the construction or erection of the items
insured under Section I, e.g. due to vibration,
weakening or removal of support, lowering of
ground water, underpinning, tunneling or other
operations involving supporting elements or the
subsoil.
Loss of or damage to the structures stated

below shall only be covered if prior to the

commencement of the works their condition is
found to be satisfactory and/or the necessary
safety measures have been taken. The insured
shall produce together with the Insurers a
report stating the condition of the structures
before the beginning of the works.
The following shall be excluded:
1 loss or damage attributable to errors or
omissions in the designing of the works;
2 loss or damage consisting in cracks that
impair neither the stability of the structure nor
the safety of its users.
Should further safety measures become
necessary during construction, the expenses
incurred for such measures shall not be
indefinable under the Policy.
Structure for which this Endorsement is
applicable:
Limit of indemnity:
occurrence

any one

Total limit of indemnity:

Deductible: 20% of the loss amount,
minimum any one occurrence
Extra premium
01
7

Warranty Concerning Sections

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 only
indemnify the Insured for loss, damage or liability directly
or indirectly caused to or by embankments, cuttings and
benchings, ditches and canals if these embankments,
cuttings and benchings, ditches and canals are constructed
in sections not exceeding in total the length stated below,
irrespective of the state of completion of the insured works,
and the indemnification for any one loss event shall be
limited to the cost of repair of such sections.
Maximum length of section:
01
8

metres

Warranty Concerning Camps and Stores

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 only indemnify the
Insured for loss, damage or liability directly or
indirectly caused to camps and stores by fire,
flood or inundation if these camps and stores
are located above the highest water level
recorded anywhere on the site during the last
20 years and the individual storage units are
either at least 50m apart or separated by fire
walls.
It is also agreed that the Insurers shall
indemnify the Insured for any one occurrence
only up to a limit of indemnity of
for camps,
for each individual storage unit.

01
9

Warranty Concerning Construction Plant, Equipment

and Machinery

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 only
indemnify the Insured for loss, damage or liability directly
or indirectly caused to construction plant, equipment and
machinery by flood and inundation if, after the execution of
works or in case of any interruption, such construction
plant, equipment and machinery are kept in an area not
endangered by 20-year floods
02 Warranty Concerning Construction Material
0

It is agreed and understood that otherwise

subject to the terms, exclusions, provisions and
conditions contained in the Policy or endorsed
thereon, the Insurer shall only indemnify the
Insured for loss, damage or liability directly or
indirectly caused to construction material by
flood and inundation if such construction
material does not exceed three days demand
and the exceeding qualities are kept in areas
not endangered by 10-year flood
02
1

Special Conditions Concerning Safety Measures with

Respect to Precipitation, Flood and Inundation
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 only
indemnify the Insured for loss, damage or liability caused
directly or indirectly by precipitation, flood and inundation
if adequate safety measures have been taken in designing
and executing the project involved.
Adequate safety measures shall mean that allowance is
made for precipitation, flood and inundation up to a return
period of 10 years for the location insured and the entire

policy period on the basis of the statistics prepared by the

meteorological agencies.
Loss, damage or liability resulting from the Insureds not
immediately removing obstructions ( eg sand, trees ) from
watercourses, whether carrying water or not, in order to
maintain free waterflow shall not be indemnifiable.
02 Special Conditions Concerning Removal of Debris from
2
Landslides
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 not
indemnify the Insured in respect of
- expenses incurred for the removal of debris from
landslides in excess of the costs of excavating the original
material from the area affected by such landslides,
- expenses incurred for the repair of eroded slopes or other
graded areas if the Insured has failed to take the measures
required or to take them in time.
02
3

Special Conditions concerning Fire- Fighting Facilities

and Fire Safety on construction Sites
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 only indemnify the Insured for loss
or damage directly or indirectly caused by or resulting from fire or
explosion, provided always that:
1 With regard to the progress of work adequate fire- fighting equipment
and sufficient extinguishing agents are available and operative at all
times.
Fully operative wet riser hydrants are installed up to one level below the
highest current work level and are sealed by temporary end caps.
2 The cabinets containing hose reels and portable fire extinguishers are
inspected at regular intervals but at least twice a week

3 Fire compartments as required by local regulations are installed as

soon as after the removal of form work.
Openings for lift shafts, service ducts and other voids are provisionally
closed as soon as possible but not later than at the commencement of fitout work.
4 Waste material is removed regularly. All floors undergoing fit-out are
cleared of combustible waste at the end of each working day.
5 A permit to work system is implemented for all contractors engaged
in hot work of any kind such as but not limited to
- grinding, cutting or welding operations,
- use of blow lamps and torches,
- application of hot bitumen,
Hot work is carried out only in the presence of at least one worker
equipped with a fire extinguisher and trained in fire-fighting.
the area of any hot work is examined one hour after the work has
finished.
6 Storage of material for the construction or erection shall be subdivided
into storage units not exceeding the value stated below per storage unit.
The individual storage units shall be either at least 50m apart or
separated by fire-proof walls.
All inflammable material and especially all inflammable liquids and
gases shall be stored at a sufficiently large distance from the property
under construction or erection and any hot work.
7 A Site Safety Coordinator is appointed.
A reliable fire alarm system is installed and whenever possible a direct
communication link maintained with the nearest fire brigade.
A Fire Protection Plan and a Site Fire Action Plan are implemented and
updated regularly.
The contractors personnel are trained in fire-fighting drills carried out
weekly.
The nearest fire brigade is familiarized with the site and immediate
access maintained for it at all times.
8 The site is fenced off and access controlled.
02
4

Limit: US$ 150,000.00 per storage unit

Inland Transit
It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon and subject to the insured having paid the agreed extra

premium, Section I of this insurance shall be extended to cover loss of

or damage to the property insured whilst in transit to the contract site
other than on waterways or by air within the territorial limits of
Vietnam provided that the maximum amount payable under this
Endorsement does not exceed US$ 250,000.00
per
conveyance.
Total value of property :
Deductible:
Extra Premium:
02
5

Serial Losses
It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon, the following clause shall apply to this insurance:
Loss or damage due to faulty design (if covered by endorsement ),
defective material and/or workmanship arising out of the same cause to
structures, parts of structures, machines or equipment of the same type
shall be indemnified according

02
6

Cover for Designers Risk

It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon and subject to the insured having paid the agreed extra
premium, exclusion c under Special Exclusion to Section I of the Policy
shall be deleted and exclusion d replaced by the following wording:
d The cost of replacement, repair or rectification of loss of or damage
to items due to defective material and/or workmanship and/or faulty
design, but this exclusion shall be limited to the items immediately
affected and shall not be deemed to exclude loss of or damage to
correctly executed items resulting from an accident due to such
defective material and/or workmanship and/or faulty design.
Extra Premium:

02
7

Cover for Insured Contract Works Taken Over or Put into Service
It is agreed and understood that otherwise subject to the terms,

exclusions, provisions and conditions contained in the Policy or

endorsed thereon and subject to the Insured having paid the agreed extra
premium, the insurance shall be extended to cover
- loss of or damage to parts of the insured contract works taken over or
put into service if such loss or damage emanates from the construction
of the items insured under Section I and happens during the period of
cover.
02
8

Special Conditions Concerning Safety Measures with Respect to

Precipitation, Flood and Inundation
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 indemnify the Insured for any loss,
damage or liability due to the flooding or sitting of pipes, trenches or
shafts only up to the maximum length of open stated below, partially or
completely excavated, for any one loss even.
The Insures shall be liable only if
1 the pipes, immediately after laying, have been secured in such a
manner by backfilling that they cannot be displaced if the trench is
flooded;
2 the pipes, Immediately after laying, have been closed to prevent water,
silt or the like from penetrating;
3 the trenches of tested pipe section have been backfilled immediately
upon completion of the pressure test.
Maximum length:

02
9

Metres

Drilling Work for Water Wells

It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon, the cover for well drilling work shall be restricted to
loss or damage due to or resulting from the following named perils:
- Earthquake, volcanism, tsunami
- Storm, cyclone, flood, inundation, landslide
- Blow-out and/or cratering
- Fire/explosion
- Artesian waterflow
- Mud loss, which cannot be overcome by known practice

- Collapse of hole including collapse of casing due to abnormal pressure

or heaving shells, which cannot be overcome by known practice
The indemnity shall be calculated on the basis of the costs (including
material) spent for drilling the well up to the very moment when the first
phenomena of the above perils are apparent and the well has to be
abandoned due to a hazard insured against, and the Insured shall bear a
deductible of 10% of the loss amount, minimum as stated below for any
one occurrence.
Special exclusions:
The Insures shall not be liable for
- loss of or damage to drilling rig and drilling equipment (for which the
drilling contractor may conclude a special insurance),
- costs of fishing operations of all kinds,
- costs of reconditioning and workover operations to restore well
conditions including all stimulation work (acidizing, fracturing, etc).
Deductible : 10% of the loss amount,
minimum
any one occurrence
03
0

Principals Existing Property or Property Belonging to or Held in

Care, Custody or Control by the Insured
It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon and subject to the insured having paid the agreed extra
premium, Section I of this insurance shall be extended to cover loss of
or damage to the Principals existing property or property belonging to
or held in care, custody or control by the Insured.
Insured property:
Sum insured:
The insurers will only indemnify the Insured for loss of or damage to
the insured property provided that prior to the commencement of
construction its condition is sound and the necessary safety measures
have been taken.
In respect of loss or damage caused by vibration or by the removal or
weakening of support insurers will only indemnity the insured for loss
or damage as a result of a total or partial collapse of the insured
property, and not for superficial damage which neither impairs the
stability of the insured property nor endangers its users.

The Insurers will not indemnity the Insured for

- loss or damage which is foreseeable having regard to the nature of the
construction work or the manner of its execution,
- the costs of loss prevention or minimization measures which become
necessary during the period of insurance.
Deductible:
03
1

Extra premium:
Vibration, Removal or Weakening of Support
It is agreed and understood that otherwise subject to the terms,
exclusions, provisions and conditions contained in the Policy or
endorsed thereon and subject to the Insured having paid the agreed extra
premium, Section II of this insurance shall be extended to cover liability
consequent upon loss or damage caused by vibration or by the removal
or weakening of support.
Provided always that
- the Insurers will indemnify the Insured in respect of liability for loss or
damage to any property or land or building only if such loss or damage
results in the total or partial collapse;
- the Insurers will indemnify the Insured in respect of liability for loss or
damage to any property or land or building only if prior to the
commencement of construction its condition is sound and the necessary
loss prevention measures have been taken;
- the Insured if required shall before commencement of construction and
at his own expense prepare a report on the condition of any endangered
property or land or building
The Insurers will not indemnify the Insured in respect of liability for
- loss or damage which is foreseeable having regard to the nature of the
construction work or the manner of its execution,
superficial damage which neither impairs the stability of the property,
land or buildings nor endangers their users,
- the costs of loss prevention or minimization measures which become
necessary during the period of insurance.
Limit of indemnity (any one occurrence):
Total limit of indemnity:
Deductible:
Extra premium:

03
2

Special Conditions Concerning Piling Foundation and Retaining

Wall Works
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 not indemnify the Insured in respect
of :
Expenses incurred :
- for replacing or rectifying piles or retaining wall elements
+ which have become misplaced or misaligned or jammed during their
erection/construction,
+ which are loss or abandoned or damaged during driving or
extraction or
+ which have become obstructed by jammed or damaged piling
equipment or casings;
- for rectifying disconnected or declutched sheet piles;
- for rectifying any leakage or infiltration of material of any kind;
- for filling voids or for replacing lost bentonite;
- as a result of any piles or foundation elements having failed to pass a
loss bearing test or otherwise not having reached their designed load
bearing capacity;
- for reinstating profiles or dimensions
This endorsement does not apply to loss or damage caused by natural
hazards. The burden of proving that such loss or damage is covered
shall upon the Insured.