Policy Currency Clause Samples

Policy Currency. All Premiums and Benefits of this rider are in Singapore dollars, unless We state differently on the Endorsement.

Policy Currency. This Policy is denominated in Indian Rupees. (INR) Any benefit/claim payments under the Policy will be made in Indian Rupees by Us or in any other currency in accordance with the applicable guidelines issued by the Reserve Bank of India from time to time.

Policy Currency. All Premiums and Benefits of this policy are denominated in Singapore Dollars.

Policy Currency. (a) The Premium shall be payable and any Loss indemnified hereunder and the Maximum Aggregate Liability shall be expressed in the Policy Currency. (b) If the value of an Insured Shipment is expressed in a currency other than the Policy Currency, for the purposes of the Policyholder’s declarations under Article 21 (Declarations), the Policyholder shall convert the relevant amounts relating to the contract for the relevant Insured Shipment into the Policy Currency at the rate of exchange specified by the State Bank of Pakistan for such contracts on such dates. The Policyholder shall use the same rate of exchange when declaring payments received or outstanding in respect of such Goods. EXIM Bank will use the same rate of exchange in calculating the maximum aggregate liability payable for a Claim.

Policy Currency. All Premiums and Benefits of this policy are in SG dollars, unless we state differently on the Policy Information Page.

Policy Currency. All Premiums and Benefits of this policy are in United States dollars, unless We state differently on the Policy Information Page.