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ALOP Contractor
Insurer
MD -
ALOP CONCEPTS
THE INSURED IN ALOP IS THE PRINCIPAL
ONLY
CONCURRENT MATERIAL DAMAGE (MD)
INSURANCE
SAME INSURER(S) FOR ALOP AND MD
INSURANCE PERIOD IDENTICAL TO MD
ERECTION PERIOD
ALOP - INDEMNITY
PROVIDED
LOSS OF GROSS PROFIT DUE TO
REDUCTION IN ANTICIPATED
TURNOVER (COVERS ALSO ANY
LOSS MINIMIZING COSTS )
AND / OR
INCREASE IN COST OF WORKING
(ICOW)
SUBJECT TO M.D PROVISO
PROJECT PERIODS
Insurance Period
CAR / EAR
(ALOP)
ALOP
Planning Transit
On site storage-handling
Cold Hot
Construction / Erection
Pre-
Commercial operation
Test
Scheduled date of
commencement of
insured business
business
Profit s/day
Commencement
Actual business
commencement
Accident
Delay
Accident
Accident
Accident
DELAY
Shortage Negligence
of
materials
Strike
Uninsured
delay
Insured delay
Indemnity period
DELAY
Policy Period
Erection
& Test
Supply
RoD,
Accident
Margin
Re-Supply
CRITICAL PARAMETERS
EAR ALOP :
PROJECT PERIOD.
MAXIMUM INTERRUPTION PERIOD.
TO INCLUDE RE-ORDERING, REPROCUREMENT, LEAD TIME, RE-ERECTION
PERIOD.
CUSTOM MADE/OFF THE SHELF ITEMS .
IMPORTED/INDIGENOUS ITEMS
TEMPORARY REPAIRS/LOSS
MINIMISATION MEASURES
BASIS OF SUM INSURED:
GROSS REVENUE/GROSS PROFIT/
SELECTED STANDING CHARGES.
Testing
Planning
Transit Period
COD
Indemnity Period
Delay
Erection &
Testing
CRITICAL PARAMETERS
MARINE DSU:
Thank You