Examples of Actual Total Loss in a sentence
Cover is provided for theft of bicycles and mopeds following violent or forcible entry from a locked place of storage or following Actual Total Loss of the Vessel.
This Policy covers All Risks of physical and accidental Actual Total Loss or Constructive Total Loss of or damage to the insured Vessel or Craft described in the Schedule.
Upon receipt of such payment accompanied by an appropriate request by Lessee, title to the Actual Total Loss container will be transferred to Lessee.
If payment of the DRV is received by CAI within 30 days of the invoice date, daily rental charges will retroactively terminate on the date of CAI’s receipt of written notice of Actual Total Loss.
Provided Lessee is in compliance with its obligations under this Agreement at the time notice of Actual Total Loss is received by CAI, CAI will issue an invoice to Lessee for the Depreciated Replacement Value (“DRV”) of the Actual Total Loss Container calculated in accordance with Subsection 7 (d).
Upon receipt of payment of the DRV and written request from Lessee, title to the Actual Total Loss Container will be transferred to Lessee.
Furthermore, provided that Lessee shall not be in default of any provisions of this Agreement, then CAI agrees to invoice the Actual Total Loss container at the Depreciated Replacement Value (“DRY”), calculated in accordance with Subsection 11c, in lieu of the RV.
CAI shall thereupon issue an invoice to Lessee for the Replacement Value (“RV”) (as set forth in Subsection 11c) of the Actual Total Loss container.
Total Loss itself is then broken down into Actual Total Loss 11 and Constructive Total Loss12, whereas Partial Loss is divided into General Average13 and Particular Average14.
Particular Average is a partial loss or 1 海 啸 2 搁 浅 3 保险单 4 保险凭证 5 海上风险 6 自然灾害 7 外来风险 8 短 量 9 雨 淋 10 交货不到 11 Actual Total Loss 实际全损 12 Constructive Total Loss 推定全损 13 General Average 共同海损 14 Particular Average 单独海损 damage accidentally caused to the ship or to a particular lot of goods, and it should be borne by the owner of the property suffering from the loss.