Common use of Verified costs Clause in Contracts

Verified costs. In cases where the owner and the Chief, Division of Insur- ance, Maritime Administration, have not agreed in advance of the loss upon amounts representing, or the method for determining, the average daily con- sumption costs of Stores and Supplies for the owner’s vessel, claims for total loss of such Stores and Supplies must be submitted by the owner on Affidavit in Proof of Claims for the Loss of Stores and Supplies, Exhibit B. In such cases, the value of the consumable stores will be determined as follows:

Appears in 6 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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