Examples of Increased Value in a sentence
In order to fully protect AlliedSignal's interest, AlliedSignal has the option, provided such option is exercised prior to any known or reported loss, to insure all goods and/or merchandise purchased by AlliedSignal on Cost, Insurance, Freight (C.I.F.) or other terms of purchase whereby the Marine insurance is provided by the seller or others for Difference in Conditions and Increased Value as stated in the Corporation's Ocean Marine Insurance Policy.
Ensure that insurance cover for vessels (Hull and Machinery, Increased Value and War risk) are reviewed quarterly and adjusted to reflect prevailing market values of the vessels in accordance with current QMS procedures.
Placing of, inter alia, Hull and Machinery, Increased Value, Protection and Indemnity, War Risk, Loss of Hire, Freight, Demurrage and Defence Directors’ and Officer Liability insurance, Crime & Fidelity and any other relevant or appropriate insurances required for the fleet, crew and shore based staff.
Accordingly, TBS received a net amount of $8.0 million from the Hull & Machinery/ Increased Value insurances after a scrap value credit of $2.0 million.
The Increased Value (as calculated directly above) will be converted into RSUs based on the prior 30 calendar days average closing stock price as of the date of appointment to the Board (rounded down to the next whole share).