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Our Ref: Date: To: CC: BCC: From: Reply To: Subject:: Dear Pak Andi
Our Ref: Date: To: CC: BCC: From: Reply To: Subject:: Dear Pak Andi
Rachmat Sjach
<Rachmat.Sjach@Allianz To 'Andi Iljas' <Andi.Iljas@mclarensyoung.com>
.co.id>
cc Tim Bain <Tim.Bain@mclarensyoung.com>, Ismail
04/06/2009 05:58 AM Basymeleh <Ismail.Basymeleh@Allianz.co.id>, Alice
Lukman <Alice.Lukman@Allianz.co.id>, Caecilia Susan
Widya <Caecilia.Susan.Widya@Allianz.co.id>
Subjec RE: Final Report PT. Jakarta Steel Mega Utama, DOL : 5
t April 2007, MYI Ref : JKT501691 - Allianz ref:
F0704000630
Rachmat Sjach
Head of Non-motor Claims
PT Asuransi Allianz Utama Indonesia
Phone: 62-21-2522470 ext 5410
Fax : 62-21-2523445, 2521924
E-mail: Rachmat.Sjach@allianz.co.id
The Insured have provided us with several copies of Bank Cheques in total of IDR 1,360,014,238
or USD 148,049.96 (see attached schedule). You will appreciate that the payment has been
made is in relation to the total repair works to PT Mesindo Tekninesia in total amount of IDR
1,640,036,400 (which later adjusted to IDR 1,008,924,700). In this regard, you will appreciate
that it is not possible to convert one machinery item repair cost to the actual exchange rates.
There is a balance of IDR 442,868,639 (being IDR 1,451,793,339 less IDR 1,008,924,700) need
to be calculated accurately, however, we have investigated that during the year 2007, the
average exchange rate is IDR 9,143 (for USD 1), with highest is IDR 8,672 and the lowest IDR
9,479. Dividing the balance of IDR 442,868,639 with the lowest rates would give a result of USD
46,721.
As per our Draft of Final report, our recommendation based on single currrency on 14 April 2008
is USD 157,855.10 (exchange rate IDR 9,197 ~ USD 1).
We therefore are satisfied that the Insured had expensed with the minimum amount of USD
currency they required to prove under the policy.
Please let me know should you have further queries. We are now await your further instruction.
Regards,
Andi B. Iljas
Andi Iljas/ID/MYI
03/04/2009 03:39
ToRachmat Sjach <Rachmat.Sjach@Allianz.co.id>
PM ccTim Bain/HK/MYI@MCLARENSTOPLIS
SubjeRE: Final Report PT. Jakarta Steel Mega Utama, DOL : 5 April 2007, MYI Ref : JKT501691 -
ctAllianz ref: F0704000630Link
Regards,
Andi B. Iljas
Please ensure to make the proposed adjustment as per actual cost incurred.
>> The date of invoice is April 2008, this may well included repair of early 2008 year flood as well
(it has been adjusted in our quantum review accordingly). We were advised that the payment
was done by cheques and made several times. We will advise you further on this aspect.
Yours faithfully,
Rachmat Sjach
E-mail: Rachmat.Sjach@allianz.co.id
Subject: Final Report PT. Jakarta Steel Mega Utama, DOL : 5 April 2007, MYI Ref : JKT501691 -
Allianz ref: F0704000630
Please kindly inform us when was the reinstatement took place, as we noted that this claim was more
than 1 year outstanding.
>> The Insured reinstated the damage within one year since the date of loss. You will appreciate
that we have revisited the site to reconcile the damage and inspecting progress of repair. We
noted that most of the repair works were carried out since February to May 2007, where the
Insured had their steel rolling mills plant #1 and #2 back into operation.
Yours faithfully,
Rachmat Sjach
E-mail: Rachmat.Sjach@allianz.co.id
Cc: Alice Lukman; Caecilia Susan Widya; Luthfi Reza; Andi Iljas; oscar hariman
Subject: Final Report PT. Jakarta Steel Mega, DOL : 10 March 2007, MYI Ref : JKT501585 and
Final Report PT. Jakarta Steel Mega Utama, DOL : 5 April 2007, MYI Ref : JKT501691
Importance: High
Dear Pak Rachmat,
Please find our final report and its spreadsheet of MYI Ref. JKT501585 and MYI Ref. JKT501691
attached bellow.
Regards,
Mia Winanda
Tel: +62 (0)21 750-4514 I Ext. 109 I Fax: +62 (0)21 750-4569 I www.mclarensyoung.com
Your files are attached and ready to send with this message