Removal of Wreck Expenses definition

Removal of Wreck Expenses means reasonable expenses incurred by You in the removal and/or disposal of a physically damaged Watercraft that a recognised Maritime, Port or Harbour Authority has ordered You to remove and/or dispose of. ‘Removal of Wreck Expenses’ does not includes any expenses incurred in the removal and/or disposal of a Watercraft owned, hired, chartered or leased by or loaned to You. Retrospective Inception Date
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Removal of Wreck Expenses means reasonable expenses incurred by You in the removal and/or disposal of a physically damaged Watercraft that a recognised Maritime, Port or Harbour Authority has ordered You to remove and/or dispose of.
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Removal of Wreck Expenses means: reasonable expenses incurred by You in the removal and/or disposal of a damaged or abandonedWatercraft which is:
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Examples of Removal of Wreck Expenses in a sentence

  • Removal of Wreck Expenses Subject to the terms and conditions of this Policy, You are covered for Removal of Wreck Expenses incurred • in the ordinary course of Your Business, and • where the removal order is first served on You during the Period of Insurance.

  • If the Occurrence causing or giving rise to Removal of Wreck Expenses also gives rise to General Liability and/or Product Liability then Our liability to pay for Removal of Wreck Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability.

  • If the Occurrence causing or giving rise to Removal of Wreck Expenses also gives rise to General Liability and/ or Product Liability then Our liability to pay for Removal of Wreck Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability.

  • You are insured for all sums that You become legally liable to pay in respect of Removal of Wreck Expenses incurred in the ordinary course of Your Business from any place owned, leased or occupied by You and where the removal order is first served on, or issued by, You during the Period of Insurance.

Related to Removal of Wreck Expenses

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;