12.07.2015 Views

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

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Goods or product(s) as specified in Item D of the Schedule (after they have ceased to be in thepossession or under the control of the Named Insured), including the products that the NameInsured’s Products form their parts, which are manufactured, sold, supplied or distributed by theNamed Insured including any container thereof other than a vehicle associated with suchcontainer.3.5 Products Recall Expense meansThe reasonable and necessary costs incurred in relation to any Event for:3.5.1 communications to the Insured's customers and to the public including mediaannouncements,3.5.2 external advice to prepare such communications,3.5.3 transporting any Product from any purchaser, distributor, retailer or user to a placedesignated by the Insured,3.5.4 the hire of necessary additional persons to conduct the duties performed by regularemployees of the Insured,3.5.5 remuneration paid to regular employees (other than salaried employees),3.5.6 expenses incurred by employees for transportation and accommodation,3.5.7 the hiring of additional warehouse or storage space, and3.5.8 properly disposing of the recalled Product and packaging materials that cannot be reused.3.6 Recall meansThe recovery of possession or control of any Product from a purchaser, distributor, retailer or user.3.7 Ultimate Net Loss meansThe sum actually paid or payable in the settlement or satisfaction of Products Recall Expense amountsincurred by the Insured after making proper deduction for all recoveries and salvages collectible.Other than as amended above, all other terms, exclusions and conditions of the Policy will continue to129

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