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1、ThisPolicycomprisesmainlythe Schedule,Scopeof Cover,Exclusions,Treatmentof Claim, Insureds Obligations, GeneralConditions and Special Provisions, including alsothe Proposal ofInsurancetogetherwith its attachmentsas wellas any additionsto bemade, from time to time, by the Company in the form of Endor
2、sement. CLAUSESI. SCOPE OF COVERTheCompanywill indemnifythe Insuredin the mannerandwithinthe limitof liability specified in the Schedule against such sums as the Insured shall become legally liable topay in respect of claims made against the Insured arising from bodily injury to or illness or death
3、of or loss of or damage to property of one or more persons using, consuming orhandingthe insuredproductsor goods,or of anyotherpersonsconsequentuponan occurrence taking place in the territory of coverage within the period of insurance causedby products or goods manufactured or sold by the Insured st
4、ated in the Schedule.In respect of any claim covered under this Policy, the Company shall in addition indemnify the Insured against the relevant legal costs payable by the Insured and other expenses incurred in the above mentioned occurrence with the prior written consent of the Company, but the tot
5、al liability of the Company for the sums of compensation and the legal costs and expenses shall in no way exceed the limit of indemnity stated in the Schedule.II. EXCLUSIONSThe Company shall not be liable for:1. liability assumed in accordance with any agreement between the Insured and other parties
6、, unless such liability would have been attached to the Insured notwithstanding such agreement;2. liability assumed by the Insured under any Labour Law or Workmen s Compensation Statute;3. liability of the Insured to employees which is based on the relationship of Master and Servant;4. loss of or da
7、mage to the insured products;5. costs arising out of replacement or recall of the insured products;6. loss of or damage to property belonging to or held in care, custody or control of the Insured;7. bodily injury, illness or death or damage to property sustained by any person caused by products or g
8、oods manufactured or sold by the Insured in willful violation of any law;8. liabilityarisingoutofpollutionofanykindordescriptionwhatsoeversuchas atmosphere, land and water caused by the insured products;9. liability for loss of or damage to the aircrafts or ships caused by the insured products;10. l
9、iability for any consequence arising directly or indirectly from war, warlike operation, hostilities, armed conflicts, terrorism, conspiracy insurrection, coup d etat;11. liabilityforanyconsequencearisingdirectlyorindirectlyfromstrike,riot,civil commotion or malicious acts;12. liabilityarisingdirect
10、lyorindirectlyfromnuclearfission,nuclearfusion,nuclearweapon, nuclear material, nuclear radiation and radioactive contamination;13. fines, penalties, punitive or exemplary indemnities;14. The deductibles stated in the Schedule or stipulated in the Policy to be borne by the Insured.III. TREATMENT OF
11、CLAIM1. In the event of any claim recoverable under this Policy:1.1 no admission, rejection, offer, promise, payment or indemnity shall bemade or given by or on behalf of the Insured or his representative without the written consent of the Company. And the Company shall be entitled, if it so desires
12、, totake over and conduct in the name of the Insured the defense or settlement of any claim;1.2 the Company shall be entitled, at its own expense and for its own benefit, to lodge in the name of the Insured any claim for indemnity against any persons. Without the written consent of the Company, the
13、Insured shall not accept the payment or arrangement of indemnity in respect of the loss or damage offered by any partyheldresponsiblefor suchlossordamageandshallnotabandonthe rightofrecoveryfromsuchparty,otherwise,theInsuredshallbeliableforany consequence arising therefrom;1.3 the Company shall have
14、 full discretion the conduct any proceedings or settle anyclaim,andtheInsuredshallgiveall suchinformationandassistanceas the Company may require.2. Bodily injury to or illness or death of or damage to property of more than one person arising from same lot of products or goods manufactured, sold due
15、to the same cause shall be considered as resulting from one occurrence.3. The time of validity of a claim under this insurance shall not exceed a period of two years counting from the date of loss.IV. INSURED S OBLIGATIONSThe following Obligations shall be strictly fulfilled by the Insured and his r
16、epresentative:1. TheInsuredandhisrepresentative,whenapplyingforinsuranceshallmaketrue answers or descriptions to the questions in the Proposal and Questionaire or to anyother questions raised by the Company.2. The Insured and his representative shall pay to the Company in due course the agreed premi
17、um in the manner as provided in the Schedule and Endorsements.3. Upon expiration of this insurance, the Insured shall furnish in writing with a statementof actual gross receipts by products or goods manufactured, sold by the Insured during the currency of this insurance as basis for calculating the
18、actual premium. Inthe event the actual premium is more than the deposit premium, the Insured shall paythe difference to the Company, if less, the Company will refund the difference to the Insured. But in no case the actual premium shall be less than the minimum premium as required.The Company shall
19、have the right to require of the Insured at any time within the insurance period a statement of the entire amount of the total sales of products or goods manufactured, sold by the Insured during any specified part of the said period.The Company shall also have the right to authorize their representa
20、tive to examine the books and records of the Insured and to verify the above relevant figures.4. In the event of any occurrence which gives or might give rise to a claim under this Policy, the Insured or his representative shall:4.1 notify the Company immediately and, within seven7 days or any furth
21、er period as may be agreed by the Company in writing, furnish a written report to indicate the course, probable reason and extent of loss or damage;4.2 immediately give notice to the Company in writing whenever having knowledgeof any impending prosecution in connection with any accident for which th
22、ere may be liability under this Policy, and forward to the Company every letter writ,summons or process or other court documents on receipt thereof;4.3 furnish all such information and documentary evidence as the Company may require for supporting the claim.5. If discovery of a defect in any product
23、s or goods insured shall indicate or suggest that similar defect exists in other products or goods insured, the Insured shall, at his own expenses, investigate and rectify forthwith the defect in such other products or goods.Otherwise,all loss or damagearisingout ofthe saiddefectshallbe borneby theI
24、nsured.V. GENERAL CONDITIONS1. Policy EffectThe due observance and fulfillment of the terms and conditions of this Policy in so faras theyrelateto anythingtobe doneor compliedwith by the Insuredshallbe a condition precedent to any liability of the Company under this Policy.2. Policy voidanceThisPoli
25、cyshallbe voidablein the eventof misrepresentation,misdescriptionor non-disclosure made by the Insured or his representative in any material particular inrespect of this insurance.3. Risk Change3.1 In the event the Insured manufactures, and/or sells a new product or products or there is any material
26、 change on chemical composition of any product or productsinsuredhereunderduringthe periodof insurance,theInsuredshall givethe Company a notice in writing within ten10 days from the date of manufactureand salethereofto the Company,anda suitableadditionalpremiumshall be paid at the request of the Com
27、pany, otherwise this insurance shall not extend tocover such product or products.3.2 Unless its continuance be admitted by the Company in writing, this Policy shall be automatically terminated if:the insurable interest of the Insured is lost; the risk of loss or damage is increased.After termination
28、 of the Policy, the premium shall be refunded to the Insured calculated on pro rata daily basis for the period from the date of termination to the date of expiry.4. Policy CancellationThis Policy may be canceled at any time at the request of the Insured in writing or atthe option of the Company by g
29、iving a fifteen15 days prior notice to the Insured.In the former case theCompany shall retaina premium calculatedon short term rate basis for the time the Policy has been in force while in the latter case such premiumshall be calculated on pro rata daily basis.5. Forfeit of BenefitIf the claim is in
30、 any respect fraudulent, or if any fraudulent means or devices are used by the Insured or his representative to obtain any benefit under this Policy or if any loss or damage is occasioned by the intentional act or in the connivance of the Insuredor his representative, then in any of these cases, all
31、 the rights and benefits of the Insured under this Policy shall be forfeited, and all consequent losses arising therefrom including the amount of claim paid by the Company shall be indemnified bythe Insured.6. Reasonable InspectionThe representative of the Company shall at any suitable time be entit
32、led to attend the site andinspect or examine the risk exposure of buildings, machinery, equipments,working process and products or goods of the Insured.For this purpose, the Insured shall provide full assistance and all details and information required by the Companyas may be necessary for the asses
33、sment of the risk. The above mentioned inspection or examination shall in no circumstances be held as any admission to the Insured by the Company.In the event of any defect or danger being apparent to the Company s inspector, the Company may give notice in writing to theInsured and thereupon all lia
34、bility of theCompany in respect thereof or arising therefrom shall be suspended until the same be cured or removed to the satisfaction of the Company.7. Double InsuranceShould any loss, damage, expenses or liability recoverable under the Policy be also covered by any other insurance, the Company sha
35、ll only be liable to pay or contribute his proportion of the claim irrespective as to whether the other insurance is arranged by the Insured or others on his behalf, or whether any indemnification is obtainable under such other insurance.8. SubrogationWhere a third party shall be held responsible fo
36、r the loss or damage covered under this Policy, the Insured shall, whether being indemnified by the Company or not, take all necessary measures to enforce or reserve the right of recovery against such third party, and upon being indemnified by the Company, subrogate to the Company all therightofreco
37、very,transferall necessarydocumentsto andassistthe Companyin pursuing recovery from the responsible party.9. DisputeAll disputes under this insurance arising between the Insured and the Company shallbesettledthroughfriendlynegotiations.Wherethetwopartiesfailtoreachan agreement after negotiations, su
38、ch dispute shall be submitted to arbitration or to courtfor legal actions.Unless otherwise agreed, such arbitration or legal action shall be carried out in the place where the defendant is domiciled.VI. SPECIAL PROVISIONSThe following provisions shall be applied to all parts of this Policy and shall
39、 override the other terms and conditions of this Policy if any conflict arises.1. Claim Made Basis ClauseIt is hereby agreed and amended:1) This insuranceapply to“ bodily injury”“apnrdoperty damage” resultingfrom an occurrence which first commences on and after the retroactive date designated inthe schedule, only if:a) A claim for damage because of“ bodily injury” and“ property damage” is first made in writing against any insured during the policy period andb) Anyinsureddidnotknoworcouldnothavereasonablyforeseensuch occurrence at the effective date of this policy.