FAULTY DESIGN CLAUSE (Building and Civil Engineering Works)
1. INSURANCE COVER
1.1 It is agreed and understood that Exclusion No.1 of the Material Damage Section (Building and Civil Engineering Works) of the Policy is deleted and replaced as follows:
"Loss or damage due to fault, defect, error, failure or omission in design, plans or specifications, but this Exclusion shall be limited to the structure or work directly affected and shall not extend to other structures, work or property lost or damaged as a consequence of such fault, defect, error, failure or omission;
provided always that
1.2 all terms, conditions and exclusions of the Policy shall apply insofar as they are not modified or replaced by the stipulations of this Endorsement.
2. PERIOD OF INSURANCE
The Period of Insurance for this Endorsement is identical with the contract works period specified in the Schedule.
3. SUM INSURED - ADDITIONAL PREMIUM
3.1 The Sum Insured is identical with the estimated total value of the contract works specified in the Schedule.
3.2 The Additional Premium due is included in the Total Premium shown in the Schedule.