ORIGINAL

THE SCHEDULE

Policy Number : A0005949 Agency No : 31003826

Policy Type : Machine and Equipment All Agency Name : Maybank Singapore
Risk Limited Machinery
Insurance Start Date : 26/08/2022 Issue Date : 30/08/2022
Insurance End Date : 25/08/2023 Place of : Singapore
(Both dates inclusive) Issue
Policyholder's Name : Global Foundation Pte Ltd
Policyholder's : 19 Burn Road
Address
#05­03 Advance Building
Singapore 369974

Annual Premium : S$ 60.00

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Premium Due : S$ 60.00
Premium GST : S$ 4.20
Total Due : S$ 64.20

Insured Name
Global Foundation Pte Ltd as Hirer and
Maybank Singapore Limited as Owner

Contingencies Covered
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Fire, Theft, and Accidental Damage
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Location
Anywhere in Singapore Excluding All Waterborne and/or on
board vessel risks

Risk No. 0001 Machine and Equipment All Risk

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Interest Insured
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Item 1
On One Unit Of Hitachi ZX125US
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Model : ZX125US
Serial No.: HCM1SE00P00012126
YOM : 2011
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Sum Insured SGD30,000.00
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Total Sum Insured of all items in this risk SGD30,000.00

The following clause/s and endorsement/s apply to this policy

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NON­CANCELLATION CLAUSE
The Company undertakes to obtain the consent of the Mortgagee/Chargee/
Lessor/Owner whichever is applicable as named in the Schedule, prior
to their cancellation of the Policy if instructions have been received
for cancellation of the Policy and also to advise the said Mortgagee/

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Chargee/Lessor/Owner immediately of any other material changes which

are proposed to be made to the terms of the insurance. Nothing in this
clause shall alter the operation of the Premium Payment Warranty.
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HIRE PURCHASE ENDORSEMENT
If to the knowledge of the Company the property is the subject to a
Hire Purchase Agreement any payment made in respect of loss or damage
(which loss or damage is not made good by repair, reinstatement or
replacement) under this Policy shall be made to the owner described in
the Agreement whose receipt shall be a full and final discharge to the
Company in respect of such loss or damage.
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EXCEPTION (B) OF POLICY IS DELETED
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THEFT ENDORSEMENT
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CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 2001
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IT CLARIFICATION CLAUSE
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PAIR AND/OR SET CLAUSE
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TERRORISM EXCLUSION ENDORSEMENT
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ELECTRONIC DATE EXCLUSION
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PERSONAL DATA USE
Any Information collected or held by us whether contained in your
application or otherwise obtained may be used and/or disclosed to our
associated individuals/companies or any independent third parties
(within or outside Singapore) for any matters relating to your
application, any policy issued and to provide advice or information
concerning products and services which we believe may be of interest
to you and to communicate with you for any purpose. Your data may also
be used for audit, business analysis and reinsurance purposes.
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CONDITION PRECEDENT
The validity of this Policy is subject to the condition precedent
that:
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(a) for the risk insured, the named insured has never had any
insurance terminated in the last twelve (12) months due solely or
in part to a breach of any premium payment condition;
or
(b) if the named insured has declared that it has breached any premium
payment condition in respect of a previous policy taken up with
another insurer in the last twelve (12) months:
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(i) the named insured has fully paid all outstanding premium for
time on risk calculated by the previous insurer based on the
customary short period rate in respect of the previous policy;
and
(ii) a copy of the written confirmation from the previous insurer
to this effect is first provided by the named insured to the
Company before cover incepts.
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PREMIUM PAYMENT WARRANTY (APPLICABLE TO CORPORATE POLICYHOLDERS ONLY)
1. Notwithstanding anything herein contained but subject to clause 2
hereof, it is hereby agreed and declared that if the period of
insurance is 60 days or more, any premium due must be paid and
actually received in full by the Company (or the intermediary
through whom this Policy was effected) within 60 days of the
inception date of the coverage under the Policy, Renewal
Certificate or Cover Note.
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2. In the event that any premium due is not paid and actually received
in full by the Company (or the intermediary through whom this
Policy was effected) within the 60­day period referred to above,
then:­
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(a) the cover under the Policy, Renewal Certificate or Cover Note
is automatically terminated immediately after the expiry of the
said 60­day period;
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(b) the automatic termination of the cover shall be without

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ORIGINAL

prejudice to any liability incurred within the said 60­day

period; and
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(c) the Company shall be entitled to a pro­rata time on risk
premium subject to a minimum of S$25.00.
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3. If the period of insurance is less than 60 days, any premium due
must be paid and actually received in full by the Company (or the
intermediary through whom this Policy was effected) within the
period of insurance.
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Excess
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Warranted that the insured shall be responsible for the
first 5% of loss subject to minimum S$5,000.00 on each &
every loss

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GO GREEN MESSAGE
Visit www.etiqa.com.sg/contact/form­downloads under Policy Contracts or our office
to obtain the full policy wordings. Let's build a Clean and Green Singapore, please
think before you print.
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(This is a computer­generated document, no signature is required. The absence of
signature does not affect the legality of this document.)

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