MCE(MARINECUMERECTION)

ForcontinuousuninterruptedinsuranceforbothEAR&marinecoverage:SinglepolicyMCE
policy
ScopeofcoverageunderMCEpolicy:
a. Voyageforimportedequipments
b. Offloadingatports/storageatports/warehouses
c. Inlandtransittositeoferectionincludingtranshipments
d. Unloading
e. Storage,handling,installationatsite
f.

Testing&commissioningatsiteoferection

a. Marinecoverasper:

InstituteCargoclauses

Inlandtransitclauses

Withstoragelimitationclausesof7days/30days/60daysThesecanbecompletelydeletedby
additionalpremium

SumInsuredunderMCEpolicy:
a. ForMarineportion:

Aspermarinepractice

Like,CIFplus10%

Pluscustomduty

b. ForErectionportion:

Estimatedcompletedvalueofproject

Newreplacementvaluesformachinery

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ForMarineportionofS.I.:Noaverageclause
ForErectionportion:Averageclauseisapplicableincaseofunderinsurance

ExcessunderMCEpolicy:

ForMarineportion:Insurermayormaynotapplyexcess

ForErectionportion:Minimumcompulsoryexcessforfollowing:
a. Storage/erectionclaims
b. Testingperiod
c. Maintenanceperiod
d. AOGclaims
e. Collapse&worksinwaterclaims

Ooooooooooooooooooooooooooooooooooooooooooooooooooooo

CROSSLIABILITY
WhentwoormoreinsuredsinthepolicyPrincipal&Contractor
Liabilityofonetowardsotherduringprojectwork

Calledcrossliability

NotcoveredautomaticallyunderTPLcover

WhentwoormoreinsuredsinthepolicyPrincipal&Contractor
Liabilityofonetowardsotherduringprojectwork

Canbecoveredbyadditionalpremium

Calledcrossliabilitycover

Generally50%ofTPLpremium

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