INSURANCE CLAUSE : Necessary Insurance cover shall be taken by you at your cost for the full value of the material(s) entrusted to you for the purpose of fabrication and shall be valid for the period till they are delivered back after fabrication to the full satisfaction of the user department. The insurance policy shall cover losses, theft/burglary, damages due to fire, riot, strikes and civil commotion and also arising out of external sources such as material falling on Purchaser’s materials. The insurance policy shall include the name of the; Purchaser as the sole beneficiary. The President of India acting through the Director, ___________________________ is the sole beneficiary. Value of the free issue of materials amount to Rs. ________ ( Rupees ________________ only). The insurance cover shall be submitted by you in advance to ____________________________ for scrutiny before taking delivery of the free issue material from our site.
INSURANCE CLAUSE : Necessary Insurance cover shall be taken by
you at your cost for the full value of the material(s) entrusted to
you for the purpose of fabrication and shall be valid for the
period till they are delivered back after fabrication to the full
satisfaction of the user department. The insurance policy shall
cover losses, theft/burglary, damages due to fire, riot, strikes
and civil commotion and also arising out of external sources such
as material falling on Purchasers materials. The insurance policy
shall include the name of the; Purchaser as the sole beneficiary.
The President of India acting through the Director,
___________________________ is the sole beneficiary. Value of the
free issue of materials amount to Rs. ________ ( Rupees
________________ only). The insurance cover shall be submitted by
you in advance to ____________________________ for scrutiny before
taking delivery of the free issue material from our site.
