Catalogue / Marine-transit & CAR insurance

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Delay in start-up cover, Core 2 seriesSample

by Nalanda Corporate Services (Sample) · verified by BARREL

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Ordered and invoiced through BARREL — one contract, one GST invoice.

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The Core 2 service of delay in start-up cover by Nalanda covers 5 sum insured options (INR 50 lakh to INR 100 crore). Highlights: lender loss payee clause, annual renewal management and policy wording reviewed for project risks. Suited to developers meeting lender conditions, solar and wind EPC and importers and exporters. Delivered in line with Insurance Act 1938, IRDAI Regulations and Institute Cargo Clauses. Mobilisation Policy issued in 2-5 days; serves South India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.

Brand
Nalanda
Model
NAL-9B1 series
Listing type
Service
Unit
job
Minimum order
1 job
Lead time
Policy issued in 2-5 days
Warranty
Claims support included
Standards
Insurance Act 1938, IRDAI Regulations, Institute Cargo Clauses
Delivers to
South India
GST rate
18 %
Country of origin
India
Delivery terms
Site mobilisation as per work order
Returns
Re-work of defective scope at no cost
Other terms
Sample data for testing; not a real offer.

Variants

VariantSpecificationsMin. order · lead timePrice, ex GST
Sum insuredINR 50 lakhNAL-9B1-01Sum insured: INR 50 lakh1 job · Policy issued in 2-5 dayson quote
Sum insuredINR 1 croreNAL-9B1-02Sum insured: INR 1 crore1 job · Policy issued in 2-5 dayson quote
Sum insuredINR 5 croreNAL-9B1-03Sum insured: INR 5 crore1 job · Policy issued in 2-5 dayson quote
Sum insuredINR 25 croreNAL-9B1-04Sum insured: INR 25 crore1 job · Policy issued in 2-5 dayson quote
Sum insuredINR 100 croreNAL-9B1-05Sum insured: INR 100 crore1 job · Policy issued in 2-5 dayson quote

Specifications

Sum insuredINR 50 lakh to INR 100 crore (see variants)
Policy typeMarine cargo open policymade to order: Single transit / CAR / EAR
CoverAll risks (Institute Cargo Clauses A)made to order: Named perils
TerritoryImport and export
PeriodProject duration plus maintenancemade to order: Single voyage
Deductible0.5% of loss
Third-party limitINR 1 crore
Add-onsDelay in start-upmade to order: Strike, riot and terrorism
Claims supportSurveyor coordinationmade to order: Dedicated claims handler
InsurersPanel of public and private insurersmade to order: Placement with leading insurers
DocumentsInvoice, packing list, contractmade to order: Project cost sheet and schedule

BARREL: Bharat Atom Renewable Resources Energy Limited