Delay in Start Up (DSU) Insurance

Key Feature

The indemnity is towards the estimated gross profit during the indemnity period in months at the Maximum Rate per day in respect of loss of standing charges or gross profit during the indemnity period, due to the production during such period falling short of the standard production (hereinafter defined) as a result of loss of or damage to or delay in delivery of the property as described in the schedule.

Basis of Loss Settlement:
In respect of reduction in production
In respect of increase in cost of working

Coverage

The indemnity is towards the: estimated gross profit during the indemnity period in months at the Maximum Rate per day in respect of loss of standing charges or gross profit during the indemnity period, due to the production during such period falling short of the standard production (hereinafter defined) as a result of loss of or damage to or delay in delivery of the property as described in the schedule hereto (or any part thereof) caused by:

A risk which would be covered under insurance effected for the marine cargo risks
Loss of, mechanical breakdown of, or damage to the hull, machinery and/or equipment of the vessel or aircraft on which any of the property is being carried or intended to be carried which would be covered either :
Under an insurance effected subject to the Institute Voyage Clauses- Hulls CL.285 dated 1/10/83, and/or Institute War and Strikes Clauses Hulls- Voyage CL.295 dated 1/10/83 attached or
Under an Aircraft All Risks Policy including War, Hijacking and Allied Perils

Loss of, mechanical breakdown of, or damage to any other conveyance on which any of the property is being carried or intended to be carried from any fortuitous cause

The vessel aircraft or other conveyance on which any of the property is carried or intended to be carried being involved in a General Average , Salvage or Life Saving operation.