Ar

Insurance allowance

Article 10: The Port of Beirut Authority charges each occupancy contract an annual amount of $100 for each warehouse of (200m2) in the industrial buildings (2,5,6) and an amount of $50 for each warehouse of (70m2). As for building no: 3 (Duty Free Bldg) the annual charges is $50 for each unit of (75m2). These allowances are the share of each warehouse of the general insurance policy coverage, which include the neighborhood and building risks.

This policy does not cover the goods traded deposited inside the warehouses. Ensuring the goods is the responsibility of occupant, according to his estimates.
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