Common use of Hull and Machinery Clause in Contracts

Hull and Machinery. Insurance to cover physical loss or damage to the vessel under the American Institute Hull Clauses for partial, constructive, and/or agreed total loss up to the agreed Insured Value. Vessel Insured Value Deductible --------------------------------------------------------------------------- Wind Surf $44,000,000 $500,000 Wind Spirit $20,000,000 $500,000 Wind Star $20,000,000 $500,000 ---------------------------------------------------------------------------

Hull and Machinery. Insurance to cover physical loss or damage to the vessel under the American Institute Hull Clauses for partial, constructive, and/or agreed total loss up to the agreed Insured Value. Vessel Insured Value Deductible --------------------------------------------------------------------------- -------------------------------------------------------------------------------- Wind Surf $44,000,000 $500,000 Wind Spirit $20,000,000 $500,000 Wind Star $20,000,000 $500,000 ---------------------------------------------------------------------------500,000